Business
Federal Court finds former Murray Goulburn directors Gary Helou and Bradley Hingle broke the law – ABC News
Gary Helou and Brandley Hingle led dairy processor Murray Goulburn to its demise. Now the Federal Court has found they broke the law doing it.
The Federal Court has found two senior managers of the now-collapsed dairy processor Murray Goulburn broke the law by failing to inform investors the company was not going to meet its financial targets.
Key points:
- Court finds Gary Helou and Bradley Hinge breached the Corporations Act multiple times
- Both have been ordered to pay legal costs to ASIC
- Both have been banned temporarily from managing corporations
Former managing director Gary Helou and former chief financial officer Bradley Hingle have…
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