CBL exec Mulholland ‘turned away’ from his duty, says FMA
CBL collapsed in early 2018 wiping out $747 million of shareholder value.
The High Court at Auckland.
The Financial Markets Authority has opened its case against former CBL chief financial officer Carden Mulholland at the High Court saying he had chosen to act contrary to his duty.
“That’s the nub of it,” John Dixon KC told Justice Ian Gault on Tuesday.
Mulholland was in a position to ensure
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