I see that this is an important issue to you, bungie.
I'll try to get back to you on it, though for the time being we'll just have to agree to disagree ...
But how's this, hey?
Accountability at last?
Finally? Really?
And what about the previous government's role in this, hmmm?:
AWB managers face court over wheat scandal
Posted 3 hours 8 minutes ago/ABC News online
The allegation relates to more than $126 million of the $300 million AWB paid to Iraq in breach of UN sanctions. (File photo) (ABC TV)
The Australian Securities and Investment Commission (ASIC) has launched civil action in the Victorian Supreme Court against six former directors and officers of the wheat exporter AWB.
ASIC is alleging that the men contravened the Corporations Act by failing to act with due care and diligence and to discharge their duties in good faith and for a proper purpose.
The allegation relates to more than $126 million of the $300 million AWB paid to Iraq in breach of United Nations sanctions between 2001 and 2002.
The list of defendants include the former managing director of AWB, Andrew Lindberg, the former chairman, Trevor Flugge, and the former chief financial officer, Paul Ingleby.
Michael Long, Charles Stott and Peter Geary also face 45 charges between them over their direct involvement in setting up wheat contracts to the Iraqi regime.
ASIC is asking the court to disqualify each defendant from managing a corporation, and to impose a maximum penalty of $200,000 for each breach of the act.
ASIC chairman Tony D'Aloisio says the defendents caused harm to AWB through their conduct.
"We have commenced these actions as believe that the conduct of the directors and officers in these circumstances fell short of what the law requires in relation to the management and supervision of corporations," he said in a statement.
He says the penalties for each breach are substantial.
"They are civil penalty proceedings in which we're seeking declarations and pecuniary penalties where the maximum in relation to individuals is $200,000 for each breach and disqualification for each defendant if we're successful from managing a corporation."
In a statement, AWB says it will continue to cooperate appropriately with all investigations.
http://www.abc.net.au/news/stories/2007/12/19/2123155.htm