AVZ 0.00% 78.0¢ avz minerals limited

Is THIS GAME OVER for AVZ, page-92

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    YOU CONDEMN G J...???or shouldn't he have fronted the DRC court system...???

    Cong then attempted to claim the new share certificate issued by the RCCM was a forgery and perhaps inexplicably, managed to convince a criminal court in the DRC of his claim. Perhaps even more inexplicably, the court found in favour of Cong and Dathomir and sentenced Johnston and the clerk responsible for creating new share certificates to three years’ jail and one year in jail, respectively – although happily, the clerk had his jail term suspended.And the sting in the tail … believe it or not … was a US$50 million (AU$76.26 million) fine payable by Dathcom, presumably to Cong. The fine was later reduced to US$25 million (AU$38.13 million) on appeal and then put on hold pending a further appeal by AVZ to the Supreme Court.

    The court also ordered the new share certificate showing AVZ’s 75 per cent shareholding to be destroyed.

    Thankfully, Johnston had already hightailed it back to Perth because of COVID and presumably has no intention of ever returning to the DRC.

 
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