Racing victoria chairman investigated over disclosure on cobalt and oil contracts
Racing company is owned by Paul Nash and his wife, Janet, who are alleged to have sold an oil and cobalt refinery in NSW to a third party.
However, the NSW Independent Commission Against Corruption has charged the pair with making improper representations on contracts for the project.
On Tuesday, racing legend Paul Nash, 56, was found guilty of breach of trust over the payments made by Paul Nash and a third person to Australian racing company AECO to purchase the Essendon refinery last year.
In her closing argument, the commission said: ‘The AECO/Cobalt refinery deal which the court is looking at today is of great concern.
‘This is an area of racing that is important to the federation.
‘The federation would like to believe that all this matter is resolved and this matter is now closed.’
Racing chairman Paul Nash was found guilty of breach of trust over $2million given for Essendon purchase from company
The NSW Independent Commission Against Corruption has announced its investigation of the controversial Essendon deal Read More
Nash has denied the allegations.
The matter remains under investigation 청주출장샵in relation to four companies: AECO, Biodesign and Cobalt Industries.
Biodesign, the company charged with developing an Essendon refinery, said: ‘The company has been working closely with the relevant authorities over the past year and there is no suggestion any wrongdoing was committed.
‘While the situation continues to develop, no decision has been made.’
While no formal allegations were made in the case, it remains widely accepted at the moment that Australian racing compani인터넷 바카라es that supply racing teams to Formula One were heavily affected by the decision of Essendon owner and former chief executive Bernie Ecclestone and former Australian grand prix driver Martin Brundle to buy the project and turn it into a private enterprise.
Since the $1.4 billion purchase by Ecclestone of the Essendon franchise and the subsequent collapse of the original consortium, Australian motorsport has had difficulty finding a viable alternative venue for grand prix racing.
A number of existing venues for grand prix racing in Australia, notably those in South Australia, Victoria, Queensland, South Australi아산출장안마a and Tasmania, are in some cases struggling to pay the bills in a market that is saturated.
On Thursday, the ABC revealed a number of deals involving Australian companies that supply the races.
In the first three weeks of 2015 Australia