Wild corruption claim hits Rex Airlines

Australia’s corporate watchdog has begun legal proceedings against Rex Airlines, alleging the company’s directors misled investors on the financial health of the embattled company as far back as early 2023.

ASIC announced its move against Rex on Wednesday, alleging the company engaged in “misleading and deceptive conduct” and failed to meet its continuous disclosure obligations as a publicly listed company.

Read More: https://www.news.com.au/travel/travel-updates/incidents/asic-alleges-rex-airlines-directors-mislead-investors/news-story/4f2b8c18fb51feae116b5798305c06b8