Hi Dannys7,Yes it is his private business, however if the ATO...

Hi Dannys7,

Yes it is his private business, however if the ATO substantiate their claims it’s a horrific slur on character. We are not just talking about adding a few extra expenses in one’s tax return. This would be major deliberate fraud against the Government. The case is ongoing but the ATO have spent extensive resources investigating this and there are many very, very serious claims.

In regards to the ASIC case, judgement is due any day. I expect more than a slap on the wrist.

I don’t really understand your question. If ISX win, I’m not sure what would happen next except ISX/ JK going after ASIC for legal costs?
Who is ECT?
And what action are you suggesting that shareholders could persue?