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ASIC decides against punishing ALS in fake coal probe

The corporate watchdog has decided against punishing laboratory giant ALS over a fake coal-data scandal, even after the company dobbed itself in to police over widespread manipulation.

In accounts released Monday, ALS revealed the regulator had written to the company, saying an investigation had concluded and it had decided against taking “any enforcement action against ALS, its subsidiaries, or its current officers and employees”.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/mining/asic-decides-against-punishing-als-in-fake-coal-probe-20221114-p5by58