Monday, 27 April 2015

Hope Margaret Hancock Trust?

Gina Rinehart's daughter gives evidence against her in Federal Court dispute
Bianca Rinehart and her brother, John Hancock, accuse their mother of defrauding them of billions of dollars
Gina Rinehart's eldest daughter has given evidence against her mining magnate mother in a new court feud over the family's finances.
Bianca Rinehart and her brother, John Hancock, lodged a Federal Court case to try to increase their stake in Hancock Prospecting.
Gina Rinehart controls just more than 76 per cent of the company. Her children control just more than 23 per cent.
The siblings are also seeking access to records of mining profits, accusing their mother of defrauding them of billions of dollars.
The pair are disputing the ownership of shares and assets in their mother's mining companies.
Under cross-examination by her Gina Rinehart's lawyer in the Federal Court in Sydney, Bianca Rinehart was asked if she printed confidential emails and kept them in a folder at work when she was a director of Hancock Prospecting several years ago.
Bianca Rinehart said they were important emails and she needed to keep them, but she denied keeping them in the office.
"That would be quite stupid of me to do," she said.
The court case is separate to a long-running dispute over who should control the Hope Margaret Hancock Trust set up by Gina Rinehart's father Lang Hancock.

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