Hardie has engineered the perfect heist, diluting its Australian shareholders and escaping the ASX primary listing and its pesky checks on executive pay.
As he goes under, Gupta is attempting to asset strip Australia's essential steel producer to pay off Lex Greensill's administrator in London. Doing so may well push InfraBuild under, too.
Because multiple governments have enabled Gupta’s stalling tactics, small businesses on the Spencer Gulf are now owed vast sums of money they’ll be praying Peter Malinauskas will guarantee.
