ASIC moves to appoint liquidator, page-5

It's wretched for shareholders - and the unpaid workers at the mine.

disallowed/business/companies/asic-liquidator-push-turns-up-the-heat-on-diamond-joe-gutnick-20190514-p51n9z.html

I wonder how Joe Gutnick will justify that loan of shareholders' money to AXIS?

What happens if the Federal Court finds that somebody has breached a director's duties? It's not a slap on the wrist.

"Establishing that a director has breached his duties can cause serious consequences to the director. Some consequences of breaching director’s duties include:Criminal sanctions that could include imprisonment for anti-competitive conduct, acting in bad faith or dishonestly"

https://www.bosslawyers.com.au/directors-duties/

I have a sneaky feeling that I would be rather in my own shoes than in Joe's.