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Tag Archives: Chris Merritt

ICAC head Megan Latham gets a ‘please explain’ over Macdonald

by: CHRIS MERRITT,  The Australian, November 03, 2015 The head of the NSW anti-corruption agency, Megan Latham, has been asked to explain why she has refused to lift a suppression order preventing former state mining minister Ian Macdonald revealing what he told the agency in submissions.  The request for an ...

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NuCoal US investor Ventry says it won’t put money in Australia

by: CHRIS MERRITT  : The Australian  October 23, 2015 A second American company has vowed never again to invest in Australia because the NSW government expropriated its assets on the recommendation of the Independent Commission against ­Corruption. After suffering massive losses because of the expropriation, Ventry Industries, an investment holding ...

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ICAC’s Megan Latham: witness exams like pulling wings off butterflies

 The head of the NSW anti-corrup­tion watchdog, Megan Latham, was put on notice in June that she faced a possible adverse ­report due to complaints after she had likened the examination of witnesses at ICAC to “pulling the wings off butterflies”. But when she was asked to provide a statement, ...

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Barrister blasts ICAC prosecution power plan

Prominent barrister Charles ­Waterstreet has denounced moves to grant the NSW Independent Commission Against Corruption the power to initiate criminal prosecutions. “There should be an intervening prosecution body that can independently assess the value of the investigation,” Mr Waterstreet said. “Investigators have a dog in the race but if you ...

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Mike Baird bill on ICAC powers not what Nick Greiner intended

NSW Premier Mike Baird should pick up the telephone and talk to one of his predecessors, Nick Greiner, about the Independent Commission Against Corruption. When Greiner created ICAC he had a very clear view that this arm of the executive branch of government should not have the power to initiate ...

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Mike Baird should right Barry O’Farrell’s wrong

Eventually, NSW Premier Mike Baird will realise the time has come to cut adrift his predecessor, Barry O’Farrell, and make amends for abandoning due process and respect for property rights. O’Farrell is out of politics, but the impact of his greatest blunder — expropriating US assets — has tainted the ...

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US investor warns of sovereign risk after NuCoal loss

An American institutional investor has warned that it is unlikely to ever again invest in Australia because the NSW government expropriated its assets and has refused to pay compensation. Boston-based Sparta Group, which manages a global investment portfolio, is one of a group of US shareholders in Australian company NuCoal ...

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Asset Seizure by NSW Infuriates Americans

American institutions are considering launching international arbitration proceedings against Australia because the government of former NSW premier Barry O’Farrell expropriated US assets worth $120 million. The US institutions, which had major shareholdings in listed mining company NuCoal Resources, were among the main losers last year when the O’Farrell government cancelled ...

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