SHAND COPS 15 MONTHS JAIL

SHAND COPS 15 MONTHS JAIL

BRISBANE businessman Harold Shand has been sentenced to 15 months jail for corrupt payments to disgraced politician Gordon Nuttall who is also serving time in jail.

Shand’s sentence will be suspended after four months as he was convicted of poor judgment, rather than greed.

Shand pleaded not guilty in Brisbane District Court to providing a secret commission to Nuttall after a jury found he had arranged a corrupt payment to him on April 12, 2002.

The 60-year-old is a former executive of a mining company, which ran central Queensland’s Jellinbah mine and its supply company.

He was found to have had no legitimate reason to pay $60,000 into Nuttall’s account.

The payment was made by bank cheque after Nuttall approached Shand’s boss, Jim Gorman, a major player in Jellinbah, for money.

Get our daily business news

Sign up to our free email news updates.

 
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

‘Arrogant, not listening, not fast enough’: Former Star CEO reveals NSW casino regulator’s gripes

‘Arrogant, not listening, not fast enough’: Former Star CEO reveals NSW casino regulator’s gripes

The Star Entertainment Group's (ASX: SGR) former CEO Robbie Coo...

Australia's answer to MTV reality hit Jersey Shore to be filmed in Cairns

Australia's answer to MTV reality hit Jersey Shore to be filmed in Cairns

The hit international reality MTV franchise that produced Jersey Sh...

Two family-owned supply chain trackers and labelling experts combine as Peacock buys insignia

Two family-owned supply chain trackers and labelling experts combine as Peacock buys insignia

Two Australian family-owned supply chain trackers specialising in l...

Abu Dhabi fund ADQ buys 49pc stake in infrastructure investor Plenary for $1 billion

Abu Dhabi fund ADQ buys 49pc stake in infrastructure investor Plenary for $1 billion

Abu Dhabi-based sovereign wealth fund ADQ has reached a deal to buy...