Japara: Board knew of insolvency in 2009 & possible sale

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Court documents have shown that the former Japara CEO at the centre of the court case, Arnan Rouse, sent an email saying he was concerned about the companies insolvency in May 2009. Board minutes and a sales document show that Japara’s shareholders have been looking to sell for up to $500 million and have identified two potential buyers.
http://www.thesourcetoday.com.au/p602_Japara-Court-case-reveals-Board-knew-of-insolvency-in-2009.html

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