Fortescue hit with insolvent trading allegations

Liquidator for former contractor to probe iron ore miner over claims.

A liquidator will question senior Fortescue Metals Group Ltd executives over allegations of trading while insolvent, The Australian reports.

According to the newspaper, the allegations relate to the period last year when Fortescue's shares were affected by the falling iron ore price, which it is claimed saw the miner terminate an $8 million contract with Fuel-Sys Installations.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles