Corporate raider Darren Olney-Fraser and fellow Mariner directors are facing the prospect of bans and fines over the conduct of their failed tilt at Melbourne-based Austock Group .
The Australian Securities and Investments Commission has launched a Federal Court civil action against Mr Olney-Fraser as the chief executive and managing director of listed investment company Mariner.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
