Australian National Industries
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1997
Non-publication of the Ellicott inquiry report
An independent inquiry led by Bob Ellicott QC examined the circumstances of the ABT sale. ASIC did not make the report public after the ANI board claimed that publication would be defamatory.
1991
ABT acquisition and European waste-management losses
ANI's acquisition of ACP's struggling European waste-management company ABT for $2 million was criticized because the transaction was not disclosed to ANI shareholders. ABT's Madrid waste-treatment project was believed by some observers to be far more expensive than its $150 million contract value, and later estimates placed the ultimate losses from ANI's European waste-management venture at close to $1 billion.