Mining magnate Lang Hancock succumbed to pressure from his wife, Rose Porteous, and her desires to live a luxurious lifestyle, prompting him to wrongly transfer land now subject to a multibillion-dollar legal battle, a court has heard.
In extraordinary submissions by lawyers representing Hancock Prospecting, which is chaired by Mr Hancock’s daughter, Gina Rinehart, the WA Supreme Court heard he diverted major mining tenements out of the company’s control and into a separate company which he controlled.
