Crown Resorts director and former AFL chief executive Andrew Demetriou has been grilled in court over the $145 million collapse of education group Acquire Learning.Andrew Demetriou was paid $75,100 a month and $1.6m in shares for chairing an advisory board for Acquire LearningMr Demetriou told the court that"decisions about the financials were left to the directors"
"Thank you very much for your very generous consideration. Best, Andrew," the email read. The payment to Mr Demetriou's private company was made that day. Evidence presented at the hearings demonstrated Mr Demetriou was aware of the company's rapidly deteriorating financial position in the months before he was paid the bonus. However, in testimony he frequently sought to downplay his involvement in decision-making.
Mr Demetriou said he was not aware of $8 million spent on G1X, or that Acquire's shareholding was transferred to a different company for what the liquidator said was"no consideration".Mr McAloon:"Were you aware that Acquire advanced a further $2 million?"
Robbo_heraldsun He was paid all that money for doing .... what?
richieplz Why retweet that? You got paid for eating and you got 2 seats for your plane trips. At least you were not a diva like Bruce Clark.
Robbo_heraldsun What would he care... he just turned up at the monthly board meeting, nodded his head in agreement and collected the cash,
just glad some one is doing this, about time
Robbo_heraldsun the karma bus hits hard jakleso82
Robbo_heraldsun Vlad always liked a mixed grill
Robbo_heraldsun Wow. What a crook!
Robbo_heraldsun I would still rather have him in charge of the AFL instead of Gil.
The_Red_Sash Priests raping kids, corporates raping average joe. The more things change the more they stay the same. ChangeTheRules
Robbo_heraldsun Couldn’t run a kebab shop this bloke. Should be jailed
He was a joke at the AFL, but the joke is on someone else & it has burnt many very badly. I'd trust the fat prick as far as I could throw him.
Still better than Gil
Surely no one is surprised?
There's a head for business, NOT. Sat at the top of a sports code that runs itself...... he was probably getting people's lunches, but wouldn't be able to recall the order. PreferentialPayments GetItBack
Perfect case study to highlight the obscenity of excessive unearned remuneration. Which pub test will this rort pass? What ethical standards will this scam meet? Pick probity out of the bones of this sleazy arrangement. 😡DISCUSS.
richieplz complete rorter. someone ask him about his dental rort business as well where innocent people fell into his bullshit and lost a lot of money. should be locked up with the lebanese mafia and see if he can rort them.
75k a month for 3 days a week work? wtf
Corporate crimes can cost ordinary Australians there life savings, a custodial sentence required for all parties here.
tonytardio How very interesting.
Typical Andrew.
Any peptides mentioned? askingforafriend