Digging a bit deeper and it starts to get real messy ==...

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    Digging a bit deeper and it starts to get real messy == https://www.copyright link/companies/mining/korean-electric-companies-preparing-aussie-fake-coal-lawsuit-20230905-p5e245

    "Court documents alleged that miner Terracom had pressured ALS employees to change results on its coal. Terracom has rejected the claims."

    "One part of ASIC’s case questions Terracom’s public statement that no customer had “raised any quality control issues with the coal”. The regulator says two of Kepco’s subsidiary power companies, which had allegedly obtained coal from Terracom’s marketing agent Noble, had complained."

    "According to ASIC’s claim, that included the Korea South-East Power Company notifying Noble in an email of a “huge gap” between loading-port and discharging-port analysis results"

    ASIC can't take action regarding the "coal record modifications" as they aren't a financial product (AFP can I think ??) - but they went for TER (under whistle blower provision's) and those involved (Daniel McCarthy, Nathan Boom, Wallace King and Craig Ransley) for false & misleading announcements.


    Last edited by CowsWithGuns: Sunday, 17:05
 
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