Mr Ellison was also fined A$8.8 million (S$7.6 million) and will forfeit his salary and other incentives worth as much as A$9.6 million. He will remain as managing director until a successor is found.
The investigation found Mineral Resources had made payments of A$3.8 million to an offshore company owned by Mr Ellison for mining equipment and parts. Mr Ellison had not declared the income and the transactions took place after Mineral Resources had been listed in Sydney, raising questions over the transparency of the deals. He has agreed to repay the amount.
Shares of Mineral Resources fell as much as 7 per cent in early trading on Nov 4 after the announcement.
هذه القصة مأخوذة من طبعة November 05, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 05, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Percival Everett wins US National Book Award for fiction
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Actor Jussie Smollett's conviction for staged attack overturned
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