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Showing posts from June, 2009

Was Godwin Grech pressured to create an email record to contradict his statements of 4 June 2009?

As reported on 4 June 2009 by the ABC : Treasury official Godwin Grech told a parliamentary hearing the Prime Minister's Office and the Treasurer's Office made representations to him on behalf of a car dealer about the Government's multi-million dollar trust set up to support dealerships. The trust, known as OzCar, offers finance to car dealerships that have been affected by the global credit crunch. Mr Grech would not confirm if the calls were about Mr Grant, but said they were straightforward inquiries. "Both offices became aware of a situation facing a particular car dealer and they simply wanted - as you would expect a normal ministerial office to do - refer it to the relevant part of the bureaucracy to help the ... car dealer," he said. http://www.abc.net.au/news/stories/2009/06/04/2589652.htm As reported by THE AUSTRALIAN on 20 June 2009: When Senator Abetz asked Mr Grech whether Dr Charlton, whom the government claims Mr Turnbull threatened at Wednesd...

Australian Defence Recruitment,Chandler MacLeod,& Paul Keating

As previously reported the Australian Defence Recruitment contract has been awarded to Chandler Mcleod,a company that has recently reported both operating cash flow and cash balance deficits. (see story below). On 9 September 2008, just 2 months after the award of the contract Chandler sought and obtained an injection of funds from Lazard Carnegie Wylie, who are now Chandler's largest shareholder. As stated by Chandler: SYDNEY: 9 September 2008 - Chandler Macleod Limited (“Chandler Macleod” or the “Company”) today welcomed Lazard Carnegie Wylie Investment Management Pty Ltd (including it’s affiliates) (“LCWIM”) as a new cornerstone investor as part of a broader recapitalisation of the Company. “We are pleased that an investor of Lazard Carnegie Wylie’s calibre recognises Chandler Macleod’s strengths and opportunities and the confidence it has shown in the Company and its management team,” said Managing Director Ian Basser. “We believe the stability of Chandler Macleod’s business...

Australian Defence Recruitment contract awarded to company with cash flow , cash balance deficit.

On 2 July 2008 The Minister for Defence Science and Personnel, Warren Snowdon MP, witnessed the signing of the new Australian Defence Force (ADF) Recruiting Services Contract with the ASX listed Chandler Macleod. The contract is valued at up to $405 million over the next five years. Mr Snowdon said that Chandler Macleod was selected by Defence following an extensive and competitive tender process conducted in accordance with Government Procurement Guidelines. Chandler replaced the much larger and better established Manpower Services Australia (http://www.manpower.com.au/about-manpower/about-manpower.aspx). Mr Snowdon’s assertion that “Chandler Macleod was selected by Defence following an extensive and competitive tender process conducted in accordance with Government Procurement Guidelines” needs to be seen in light of the following: In March this year Chandler announced that it had suffered a pre-tax loss of AUD 2,731,000 but a profit after tax of AUD 267,000 for the half...