Former Creso Pharma chairman Adam Blumenthal has been fined $850,000 by the corporate watchdog and banned for five-years for allegedly breaching his director duties, including market rigging in relation to share trading in the listed cannabis company.
Blumenthal will also pay $150,000 towards the cost of an investigation by the Australian Securities and Investment Commission (ASIC) and a further $100,000 towards costs.
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