Former AFL boss Demetriou grilled in court about $145m corporate collapse

Crown Resorts director and former AFL chief executive Andrew Demetriou has been grilled in court over the $145 million collapse of education group Acquire Learning.Andrew Demetriou was paid $75,100 a month and $1.6m in shares for chairing an advisory board for Acquire LearningMr Demetriou told the court that"decisions about the financials were left to the directors"

"Thank you very much for your very generous consideration. Best, Andrew," the email read. The payment to Mr Demetriou's private company was made that day. Evidence presented at the hearings demonstrated Mr Demetriou was aware of the company's rapidly deteriorating financial position in the months before he was paid the bonus. However, in testimony he frequently sought to downplay his involvement in decision-making.

Mr Demetriou said he was not aware of $8 million spent on G1X, or that Acquire's shareholding was transferred to a different company for what the liquidator said was"no consideration".Mr McAloon:"Were you aware that Acquire advanced a further $2 million?"

Source: Education Headlines (educationheadlines.net)

Robbo_heraldsun He was paid all that money for doing .... what?

richieplz Why retweet that? You got paid for eating and you got 2 seats for your plane trips. At least you were not a diva like Bruce Clark.

Robbo_heraldsun What would he care... he just turned up at the monthly board meeting, nodded his head in agreement and collected the cash,

just glad some one is doing this, about time

Robbo_heraldsun the karma bus hits hard jakleso82

Robbo_heraldsun Vlad always liked a mixed grill

Robbo_heraldsun Wow. What a crook!

Robbo_heraldsun I would still rather have him in charge of the AFL instead of Gil.

The_Red_Sash Priests raping kids, corporates raping average joe. The more things change the more they stay the same. ChangeTheRules

Robbo_heraldsun Couldn’t run a kebab shop this bloke. Should be jailed

He was a joke at the AFL, but the joke is on someone else & it has burnt many very badly. I'd trust the fat prick as far as I could throw him.

Still better than Gil

Surely no one is surprised?

There's a head for business, NOT. Sat at the top of a sports code that runs itself...... he was probably getting people's lunches, but wouldn't be able to recall the order. PreferentialPayments GetItBack

Perfect case study to highlight the obscenity of excessive unearned remuneration. Which pub test will this rort pass? What ethical standards will this scam meet? Pick probity out of the bones of this sleazy arrangement. 😡DISCUSS.

richieplz complete rorter. someone ask him about his dental rort business as well where innocent people fell into his bullshit and lost a lot of money. should be locked up with the lebanese mafia and see if he can rort them.

75k a month for 3 days a week work? wtf

Corporate crimes can cost ordinary Australians there life savings, a custodial sentence required for all parties here.

tonytardio How very interesting.

Typical Andrew.

Any peptides mentioned? askingforafriend

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AFL star’s savage sledge to former clubAfter years spent as an AFL cellar-dweller, Carlton have reasons for optimism. But one former star delivered a savage sledge to the club. Shit article, non story, Bryce wrote to the Carlton cheer squad after they made a comment. He explained the article that was written. Go the blues 'Savage sledge' he said he finished with 12 wins compared to 2 wins. Thats not a sledge.
Source: newscomauHQ - 🏆 9. / 77 Read more »

Sideline symbols to revolutionise AFL coaching on game-dayCoaches will use symbols displayed on state-of-the-art LED boards to communicate messages to players mid-game under a radical AFL plan. We prefer football ⚽️
Source: theage - 🏆 8. / 77 Read more »

AFL to review drugs policy in 2019The AFL will review its drugs policy, with a focus on mental health, amid concerns from clubs. | EXCLUSIVE AFL are as bad as players who take drugs.......protecting the brand.
Source: theage - 🏆 8. / 77 Read more »

Frustration over $42 million hotel proposal unites Adelaide AFL teamsAdelaide's two AFL clubs are used to doing battle on the field, but have become off-field allies in a rift with Adelaide Oval management over a $42 million luxury hotel proposal.
Source: abcnews - 🏆 5. / 83 Read more »

'Completely wrong': AFL dismisses drugs claimAFL dismisses claim that 16 players at a single club are escaping random drug tests because of mental health issues and condemns racist attack directed at Eddie Betts. Well those of us in smaller cities hear the rumours. Footy players are thick as if they think their using is a secret. Careful how you celebrate. Bs Show us the truth then? Thomo_Grant thoughts
Source: theage - 🏆 8. / 77 Read more »

'A free-for-all': Riewoldt lashes players over AFL illicit drug policyFormer St Kilda captain and modern great says players are getting away with drug use because of a system that allows them too much latitude. agerealfooty This would carry so much more weight if we hadn't seen photos of his naked team bonding romp whilst burning dwarves* *may have been different occasions
Source: theage - 🏆 8. / 77 Read more »

AFL legend’s ‘extraordinary’ drugs claimSt Kilda legend Nick Riewoldt has made the bombshell claim recreational drug use within the AFL is “out of control”, accusing players of rorting a flawed system for their own benefit. Well done Nick for speaking out we all know its happening even 30 years ago they came into our clubs high and on steroids but everyone turns a blind eye because its all about money its only when they get caught people cry wolf
Source: newscomauHQ - 🏆 9. / 77 Read more »

Drug use in AFL 'out of control', Saints legend Nick Riewoldt saysFormer Saints star Nick Riewoldt says there is a free-for-all in the offseason of players using illicit drugs because there's no ramifications for players who are caught. He's right. What's new ? Lol that’s how premierships are won!
Source: abcnews - 🏆 5. / 83 Read more »

Two months after it happened, George Pell's conviction stuns nationFrom Parliament House to AFL clubs, George Pell's conviction is being felt across Australia. What's even more stunning/disappointing are the regressive conservatives defending a convicted paedophile I'm as stunned as a fire fighter dowsing flames... Not stunned at all. Justice for the victims.
Source: abcnews - 🏆 5. / 83 Read more »

Cousins fined for meth possessionPolice found almost 15 grams of methamphetamine concealed inside Ben Cousins' body and in his possession when he was arrested over a trespass incident. 9News He’s a lost cause. Stop giving him attention. Just because he’s a former afl player doesn’t mean he should keep getting shamed. Give him space and let him suffer adequately for his issues. Threw it all away! For drugs! Clown
Source: 9NewsAUS - 🏆 10. / 72 Read more »