A plan for US billionaire Paul Tudor Jones to invest in Fortescue’s clean energy projects has turned sour, after the Wall Street icon’s private office accused the Australian company of breaching contracts and behaving in an “unethical, immoral and unscrupulous” way.
Ranked by Forbes as the world’s 299th richest person (with a fortune worth more than $US8 billion ($12.2 billion) Mr Tudor Jones has pursued Fortescue for $US6.25 million of costs incurred while investigating a potential energy partnership.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Brad Thompson was a reporter at The Australian Financial Review
