Rene Rifkin was sent to jail making a modest profit on so called inside trading. His world feel apart after this. Asic and Accc at the time said they would pursue people harder now for inside trading. Mr Fahour should not have sold before the price sensitive announcement, he could have choose to wait until everything was finalized and then sold. Getting board approval and using the excuse of tax matters doesn't wash with me.
It smells of double standards. Sent my compliant to asic. Even if Mr Fahour is not prosecuted at least he is now under notice .
section 1043a of the corporations act, page-19
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