Controversial security company Paladin made a profit of $1.3 million a week from its federal government refugee contracts on Manus Island, according to court documents.
The revelations, tabled as part of a dispute between former director Ian Stewart and Paladin, will refocus attention on the contract which was the subject of questions in Parliament, Senate estimates hearings and a report by the Auditor-General.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Lisa Murray is Enterprise Journalism Editor and host of The Fin podcast. Connect with Lisa on Twitter. Email Lisa at lmurray@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
