Pilbara icon Lang Hancock sold off valuable mining tenements and stripped his own company of cash to buy his wife Rose Porteous luxury cars, jewellery and a private jet, lawyers claim.
The WA Supreme Court heard that Hancock clearly breached his duty as a director of Hancock Prospecting in the late 1980s, when he sold mining tenements in the state’s Pilbara and other assets in a “labyrinthine” scheme to fund a luxury lifestyle.
