Former young rich-listed coal mining entrepreneur and now bankrupt, Nathan Tinkler has been banned from managing businesses in Australia due to his involvement in the collapse of 11 companies.
Key points:
- Mr Tinkler, a former BRW young rich lister, enjoyed a net worth $600 million in 2010
- He and two associates breached directors’ duties allowing companies to trade insolvent
- The breaches relate to mining companies, a thoroughbred racing business and the Newcastle Jets A-League club
The Australian Securities and Investments Commission (ASIC) banned Mr Tinkler for three years and nine months over a series of Corporations Act breaches involving his portfolio…
Read the full article at: http://www.abc.net.au/news/2017-05-24/former-rich-lister-nathan-tinkler-banned-by-asic/8554224