Mineral Resources chairman James McClements has confirmed that the board is investigating revelations that managing director Chris Ellison operated an offshore tax evasion scheme that the group’s billionaire founder described on Sunday as a “serious lapse of judgment”.
In a statement, Mr McClements said the board had engaged outside legal counsel and that the investigation of the scheme, which The Australian Financial Review revealed on Saturday, was “well advanced”.
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Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
