The court has also heard vital evidence with regard to the overall performance of Woodlawn Money in controlling the fund, which dropped in price from about $43 million to about $thirty million.

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The corporate also compensated a large referral or introduction fee to sports administrator Malcolm Giheno – the son of former prime minister John Giheno – in relation to the organization getting to make investments the money, Fairfax has learnt.

The revelations have emerged from a row over $forty three million of PNG authorities money which was squirrelled away in a little nation bank department in Lismore in northern NSW.

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"I'm presented a payment for your introduction but that is it. I don't negotiate or Participate in an Energetic function in almost any of this".

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Justice Stevenson agreed with Woodlawn's submissions that Mr Hazard's propositions ended up generic and did not express any strategy that will happen to be adopted to achieve a neutral general performance.