The corporate watchdog has confirmed it is looking into Mineral Resources following allegations that founder and chief executive Chris Ellison ran a tax evasion racket from the British Virgin Islands for a decade.
Australian Securities and Investments Commission deputy chairwoman Sarah Court confirmed on Wednesday these allegations had triggered a preliminary inquiry into the lithium and iron ore miner in Western Australia.
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
