Adani, can we trust them?

[davidc4430]

Adani executive Lucas Dow talks up bigger coal mine in leaked video at LNP fundraising event

https://www.abc.net.au/news/2020-03-19/adani-leaked-video-ceo-lucas-dow-at-qld-lnp-fundraiser/120500...

or trust the LNP?

[davewil1964]

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@rogespeed wrote:

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@davewil1964 wrote:

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@rogespeed wrote:

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@davewil1964 wrote:

Adani is Indian, and the owner is a crook.

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Consider what is done in their own country 

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Indeed, which is why I'm bemused that you would bring Australian companies' liabilities into the discussion.

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No , i was discussing how inclined some senior management might cover up or fabricate facts in order to progress their objectives , being more inclined I thought mistakenly due to not being personally liable to the extent of their personal assets  subject to seizure from litigation. ( I was corrected on this detail - for a P/L company is the share holder's with limited liability )  

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No you weren't. You were applying what you have googled about AUSTRALIAN companies' liability, and extrapolating that to a foreign company. Who, given the Queensland government's concessions, won't be giving a cent to Australia from our resources in our lifetimes.

And, yet again, irrelevant. Adani is not an Australian company, so your interpretation of Australian companies' liability is irrelevant.

This thread is about the Indian Company Adani. They are not Australian, their CEO is a known crook, so what relevance has AUSTRALIAN law to do with the issue?

[lyndal1838]

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@rogespeed wrote:

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@lyndal1838 wrote:

The Director/s of a Pty Ltd company can be held liable for any and all liabilities of the company.  All assets can be taken except for Superannuation.

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Is that privately owned assets ? I must have been thinking share holders 

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Yes, all the assets of the director/s are at risk which is why most company directors have very few personal assets.  They put homes etc in their wife's name.

Even the company secretary has no financial liability.

And no, the shareholders in a public company have NO liability at all.

The shareholders in a private company are usually family members of the director/s and will have had legal advice on how to minimise liability (if they have any sense)

[rogespeed]

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@davewil1964 wrote:

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@rogespeed wrote:

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@davewil1964 wrote:

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@rogespeed wrote:

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@davewil1964 wrote:

Adani is Indian, and the owner is a crook.

---

Consider what is done in their own country 

---

Indeed, which is why I'm bemused that you would bring Australian companies' liabilities into the discussion.

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No , i was discussing how inclined some senior management might cover up or fabricate facts in order to progress their objectives , being more inclined I thought mistakenly due to not being personally liable to the extent of their personal assets  subject to seizure from litigation. ( I was corrected on this detail - for a P/L company is the share holder's with limited liability )  

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No you weren't. You were applying what you have googled about AUSTRALIAN companies' liability, and extrapolating that to a foreign company. Who, given the Queensland government's concessions, won't be giving a cent to Australia from our resources in our lifetimes.

And, yet again, irrelevant. Adani is not an Australian company, so your interpretation of Australian companies' liability is irrelevant.

This thread is about the Indian Company Adani. They are not Australian, their CEO is a known crook, so what relevance has AUSTRALIAN law to do with the issue?

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Maybe them doing business in Australia ...