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Wednesday, 23 October 1974
Page: 1872

Senator PRIMMER (VICTORIA) -Has the AttorneyGeneral seen the section of the transcript of last

Saturday's Australian Broadcasting Commission program 'Four Corners' in which a member of the Sydney Stock Exchange criticised the AttorneyGeneral for not prosecuting directors of companies registered in the Australian Capital Territory 'arising from their telling lies during the minerals boom'? Is there any evidence in the report of the Senate Select Committee on Securities and Exchange that such directors did tell lies? Is there any evidence that directors of New South Wales companies and/or members of the Sydney Stock Exchange did indulge in malpractices during the minerals boom?

Senator MURPHY -I think it ought to be made clear that most of the material in the report of the Senate Select Committee on Securities and Exchange concerns companies outside the Australian Capital Territory. I have directed my Department to follow up the allegations of conduct which may be a contravention of laws of the Australian Capital Territory, whether referred to in that report or not, to institute prosecutions where there is evidence available to do so, and to seek out the evidence in cases in which there are indications of fraudulent conduct by swindlers, whether or not those matters are covered in that report.

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