Former Opes Prime director Julian Smith walked away from the Victorian Supreme Court yesterday a free man, not guilty of any crime associated with the $700 million collapse of the company.
The acquittal of Smith on charges he duped a bank into lending him $95 million just days before Opes Prime collapsed is a loss for the corporate regulator ASIC, and will spark further debate about courts’ treatment and ASIC’s pursuit of those accused of corporate crimes.
‘Enforcement 40’ for 2020
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