An attempt to answer the question at the heart of Mineral Resources’ governance crisis: When did the board become aware of the tax evasion scheme allegedly run for a decade by founder and chief executive Chris Ellison? – further damaged the board’s credibility.

In response to official ASX questions published on the exchange on Tuesday, MinRes said: He was first made aware of the allegations in June 2022. He assigned an attorney to investigate but did not notify shareholders — you know, the people who actually own the company — because the board “did not consider these matters to be materially price sensitive.”

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