Aim & Jeffries 8 Apr 2015 01:06
Are fully accountable here:
Before Frank Timis'African Minerals was ludicrously awarded a 99 years mining contract, there was overwhelming evidence that the Romanian born Australian Chief Executive and so called 'Emperor of African Minerals' had a tarnished record in the corporate world.
In 2009 the Alternative Investment Markets (AIM) in the City of London levied its highest fine of £600,000.00 on a London-based company Timis set up, Regal Petroleum. Regal, the regulator found, 'on 11 separate occasions failed to take reasonable care to ensure its announcements were not misleading, false or deceptive, and did not omit material information.' Did our government investigate those findings to ensure Timis was fit and proper to head an operation so significantly tied to Sierra Leone's economy? That must be a no.