Healthzone directors charged

The Australian Securities and Investments Commission alleges former executive chairman Peter Roach and directors Michael (Ge) Wu and Robert Dulhunty conspired to manipulate Healthzone’s share price at various times during capital raisings and acquisitions.

Three former directors of failed health-food chain Healthzone have been charged with conspiring to manipulate the company’s share price in the lead up to its collapse.

ASIC alleges the men used trading accounts in their own names and other parties to manipulate Healthzone’s shares at various times between May 2007 and November 2011.

Read more here: SMH


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