Criminal charges against ClearView director dropped

Company News

by Anna Napoli

ClearView Wealth (ASX:CVW) says the criminal charge laid against Independent Non-Executive Director, David Brown has been dropped.

Brown was arrested in Papua New Guinea in August 2018 over a claim by the Melanesian Trustee Services.

The claim concerned an alleged attempt to remove and replace the current fund manager of the Pacific Balanced Fund by Brown’s employer National Superannuation Fund.

Brown is the chief investment officer of the National Superannuation Fund Ltd (NASFUND) in Papua New Guinea.

Shares in ClearView Wealth Limited (ASX:CVW) last traded at $0.90.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.