ASX-listed Simonds Group built a home for chief executive Rhett Simonds last year, benefiting from discount rates the firm his family controls negotiated with suppliers, the company said, in an apparent about-face from earlier assertions to the contrary.
Rhett’s father and company director, Mark Simonds, and grandfather and founder, Gary Simonds, had also been receiving “discounts and pricing” arrangements from company suppliers for years, the company disclosed in a statement on Wednesday.
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