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Paladin owners pocket $71m, fallout with KPMG

Ronald Mizen
Ronald MizenPolitical correspondent

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The owners of controversial security firm Paladin received $71 million in dividends in 2019, the year its $532 million federal government Manus Island refugee contract came to an end, according to court documents.

The money was divided between Paladin's two shareholders, with $40 million going to 80 per cent owner and director Craig Thrupp, and $31 million going to 20 per cent owner and former director Ian Stewart.

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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

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    Original URL: https://www.afr.com/politics/federal/paladin-owners-pocketed-71m-in-2019-20201019-p566m6