"ASIC is also understood to be conducting an investigation into...

"ASIC is also understood to be conducting an investigation into whether Padbury’s deal with Mr Bleyer was genuine and whether the market was misled.

Padbury managing director Gary Stokes did not return calls last night.

Sources in the Perth iron ore industry said Mr Stokes’s decision to go into business with a figure such as Mr Bleyer had destroyed his credibility.

Padbury said that Mr Stokes had withdrawn from a mining conference he was scheduled to attend today."

Here:

http://www.theaustralian.com.au/business/oakajee-dumped-heats-on-padbury/story-e6frg8zx-1226901372507#