James Hardies is by far the not only greedy company to ignore the human cost of the continued use of asbestos. James Hardies stands out more than most corps for their criminal negligence.
The James Hardie asbestos compensation scandal will not result in any criminal charges being brought, Commonwealth officials announced today.
The corporate watchdog, the Australian Securities and Investments Commission, declared that in July 2007, it had sent briefs to the Commonwealth Director of Public Prosecutions suggesting criminal prosecution “in relation of certain people.”
According to ASIC, the DPP has now decided not to press charges.
In legal proceedings in the NSW Supreme Court last year, attorneys representing the former CEO, Peter Macdonald, disclosed that he had been made aware of prospective criminal charges.
Despite recommending criminal probes, the NSW Special Commission of Inquiry investigating James Hardie’s $1.5 billion underfunding of a trust to recompense persons with asbestos ailments left it up to the prosecutors to choose the targets.