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Lawyers for former Australian Wheat Board boss Andrew Lindberg have accused ASIC of an abuse of process in the case of the oil for food scandal.
LAWYERS for former Australian Wheat Board boss Andrew Lindberg have accused the Australian Securities and Investments Commission of an abuse of process in the case of the oil for food scandal.
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From 1999, AWB paid about $300 million in kickbacks to Saddam Hussein's regime.
Lindberg is standing trial in the Victorian Supreme Court, accused of breaching his duties to AWB by failing to stop the payments.
ASIC alleges AWB made no effort to investigate whether the fees were justified. It claims Lindberg was aware, or should have been aware, of the payments. Lindberg, meanwhile, will argue he did not know of the payments.
In the trial, which started today, Lindberg's lawyer David Collins SC has told the court he discovered over the weekend that ASIC is considering launching a new case against his client.
ASIC lawyers are outlining the civil case against Lindberg, reports ABC News.
