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Five years in the Big House...

Wheeler and dealer Peter Neil Landau has been sentenced before the Supreme Court of Western Australia for multiple offences during his time with Continental Coal and ex-oil and gas explorer Citation Resources.Landau pleaded guilty to a string of offences including stealing A$2.2 million as a Citation director, forging bank statements, giving false information to the Australian Securities Exchange by hiding the fact Continental's income-generating asset had gone into administration, and claiming Continental had raised $2.6 million from investors when it had only received just $57,000.Justice Joesph McGrath sentenced the 50-year-old Claremont-based businessman to five years and two months' imprisonment with a non-parole period of three years and two months for the stealing and forgery.Once he has served the minimum, he must then serve at least six months of a 12-month custodial sentence for two breaches of the Corporations Act.

Mining News 13 December 2023