Sify (Free subscription) | 18 hours ago
... The net profit has, according to the firm's annual report lodged with Australian Securities and Investment Commission on Oct 30, gone up to 77.5 million Australian dollars in 2009. The net profit looks even more impressive as Tibra Capital was established only three years ago after Dinesh was sacked by The Netherlands- based trading company Optiver. The 32-year-old was so incensed...
News.com.au (Free subscription) | 11/06/2009
DISCREDITED Firepower boss Tim Johnston surrenders his passport, complying with a court order after being slapped with a travel ban in Australia.The formerly Perth-based businessman is understood to have been living in London for some time but arrived in Australia on Tuesday, reportedly to visit family.The Australian Securities and Investments Commission (ASIC) moved swiftly on news of...
News.com.au (Free subscription) | yesterday
EXCLUSIVE: INVESTIGATORS fear Firepower boss Tim Johnston used a crudely forged letter from Australia's corporate watchdog to lure many more innocent investors.The letter has been uncovered by investigators from Perth-based litigators IMF (Australia) who are representing 500 small investors who have lodged claims of $40million.The letter, allegedly from the Australian Securities and Investments...
Sydney Morning Herald (Free subscription) | 11/04/2009
Firepower boss Tim Johnston has reportedly flown back to Australia, forcing a scramble by authorities to prevent him leaving the country again. The corporate watchdog, the Australian Securities and Investments Commission, has applied to the Federal Court to prevent Mr Johnston leaving the country, and was last night trying to alert every Australian airport
Market Wire (Free subscription) | 11/03/2009
WASHINGTON, DC (MARKET WIRE) The US-Iraq Business and Investment Conference (USIBIC) was held on October 20th and 21st in Washington, D.C. with the aim of offering US companies the possibility to learn about business and trade opportunities in Iraqi markets.
News.com.au (Free subscription) | 11/05/2009
He has been served with an injunction that keeps him in the country to face questions from the Australian Securities and Investments Commission, which has been investigating the company. The papers were served on Mr Johnston today at the sprawling Gold Coast mansion owned by his wife after he slipped into the country earlier this week. Liquidators have also obtained an order today that...
Securities Docket (Free subscription) | 11/04/2009
As previously discussed here , a recent court decision by Australia’s Federal Court in the Brookfield Multiplex Limited case essentially stopped the litigation funding industry in its tracks. Yesterday, however, the Australian Securities and Investments Commission remedied this problem, at least as relates to existing cases. Full details are available in this post on my Enforcement Action...
