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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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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