Joe Gutnick has been banned from managing corporations for 4 years.
ASIC says the ban is due to his actions in 3 failed companies.
He is reviewing the decision with lawyers.
“Diamond” Joe Gutnick has been banned from managing corporations for four years after scathing findings on the mining entrepreneur from the regulator.
The Australian Securities and Investments Commission (ASIC) on Friday said Mr Gutnick, 71, had acted improperly and failed to meet his obligations as a director.
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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
