CoAL takes financial director to court over breaches of duties

Coal of Africa Limited (CoAL) CEO John Wallington said that the company has initiated proceedings to take former financial director Blair Sergeant to court over breaches of duties by Sergeant on a transaction in 2009 and 2010.

CoAL has obtained an order from the Federal Court of Australia allowing it to freeze AUD 6 million of Sergeant’s assets.

Source (English): MiningWeekly