Business Services Industry
ASIC setback in One.Tel case.(Australia. Securities and Investments Commission)(Brief Article)
Australasian Business Intelligence, March, 2005
Mar 07, 2005 (Herald Sun - ABIX via COMTEX)
Australian telco One.Tel collapsed in 2001. The Australian Securities & Investments Commission (ASIC) is investigating the company's collapse. On 7 March 2005, the corporate regulator suffered a setback in its investigation. The Supreme Court of New South Wales ruled as inadmissible an accountant's report tendered by ASIC. The court said the report prepared by Paul Carter of PricewaterhouseCoopers could not be used by ASIC because Carter had assisted in the initial investigation of One.Tel. The decision was a partial victory for former One.Tel executive Jodee Rich.
Publication Date: 8 March 2005
ONE.TEL LIMITED:
SUPREME COURT OF NEW SOUTH WALES:
AUSTRALIAN SECURITIES AND
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