Australia’s market regulator has been told to seize possession of and sell close to 25 per cent of shares in mining company DGR Global after the Takeovers Panel found its managing director Nicholas Mather had committed some of the most serious disclosure breaches it had ever seen.
A 17-week investigation by the government panel found Mather had breached the Corporations Act by filing inaccurate ownership disclosures that understated the true size of his control over DGR.
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