Business Services Industry
ASIC boss backs Packer and Murdoch on One.Tel.
Australasian Business Intelligence, March, 2003
Mar 21, 2003 (The Australian - ABIX via COMTEX)
David Knott says evidence from Brad Keeling supports Lachlan Murdoch and James Packer's account of One.Tel's demise. Knott, head of the Australian Securities & Investments Commission (ASIC), said the former One.Tel director has admitted that information was withheld from Murdoch and Packer. On 21 March 2003, ASIC's settlement with Keeling was accepted by the Supreme Court of New South Wales. The settlement holds Keeling liable for $A92 million of One.Tel's losses and bans him from acting as a company director for 10 years.
Publication Date: 22 March 2003
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