Coal Cover-up? Wilkie points to Glencore, Anglo, Peabody, MacBank

The loss of the court against Terracom and its former executives has revealed serious questions about the commitment of systemic fraud in Australia’s coal export industry. Stephanie Tran Reports.

At the beginning of this month, the Federal Court dismissed Australian Securities and Investments Commission (ASIC), the current General Manager Daniel McCarthy and former officials Nathan Boom, Wallace King and Craig Ransley.

ASIC COAL REGIGNING THE COAL MINERS OF COAL EXPORT The fake laboratory test results, not improving the results of the market. Justice Jackman found that ASIC could not prove that Terracom had made misleading or deceptive behaviors under the law of companies.

Inside trialJackman criticized the evidence presented, and concluded that ISIC did not show that the company or managers of the company or their executives know that coal quality certificates have been falsified or deliberately misleading the market.

Independent MP Andrew Wilkie, Who Raised claims In 2022, the widespread coal test fraud in Parliament said that the decision may have extensive effects.

“Export coal industry, laboratories and the federal government will use the result of the issue as a reason to say that the issue is discussed and the end of the issue, Wil said Wilkie. Michael West Media. “Risk, this gives the government’s high -level guarantee for the export coal industry to maintain the protection racket.”

But Anglo, Glencore, Peabody and Macbank?

Wilkie has long argued that Terracom has been an isolated situation for a long time. In the documents subjected to a table in federal parliament accused Many major coal exporters, including Anglo American, Glencore, Peabody and Macquarie Bank, are participating in similar fraudulent behaviors, including the destruction of coal quality certificates.

These documents claimed that he tested laboratories to the results of the doctors to test mining companies and laboratories to secure higher prices than overseas buyers.

Despite the serious nature of these claims, Wilkie said that successive governments could not take action.

“Ultimately, the responsibility of this scandal is based on the federal government. The Morrison government was aware of the allegations and decided not to take action. The Albania government was informed about the allegations from me in the parliament and decided not to take action and action.”

In response to the court decision, an ASIC spokesperson said that the regulator said that he was carefully thinking about his decision and he should apply for a appeal until August 1 ”.

The Agency refused to comment on whether Wilkie’s explanations of the Parliament of Parliament will open an investigation or enforcement lawsuit against other companies mentioned.

Wilkie emphasized the importance of the activation of the federal government, saying that the Terracom decision has made it even more critical to ensure the proper calculation of the coal industry.

“Organizing institutions such as ASIC should not give up. But now, it is even more important for the federal government to intervene after this court case,” he said.

Coal Giants Homeless, Asic Buries Terracom Fake Tests Scandal