Another blow for Westpoint directors
Two directors of the Westpoint Group of companies have been placed on limited travel orders by the Federal Court of Australia following an application by the Australian Securities and Investments Commission (ASIC).
Norman Phillip Carey and Graeme John Rundle must provide ASIC with detailed information of any travel plans and 14 days written notice of their intention to travel.
ASIC applied for the orders, which will be in place until March 12, 2008, on the basis that it will likely need to examine Carey and Rundle as part of its ongoing investigations into the Westpoint Group.
The Federal Court declined to extend existing orders, sought by ASIC, restraining Carey and Rundle from leaving Australia and surrendering their passports.
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