by Ganesh Sahathevan
On Thursday 25 October 2023 The Sydney City School Of Law's parent company's share price and market capitalisation crashed to a new low of HK0.042, 93% below the 2018 IPO high of approximately HK 0.90. It remains at that price,at the time of writing.
The IPO was made possible by the NSW LPAB's approvals, and was clearly a case of license trading, and a Hong Stock Exchange pump and dump. It was made possible by the NSW LPAB's first and only approval granted a non-university and private company to award Australian LLB degrees.
The NSW LPAB has attempted to ignore,conceal and disclaim liability but that has been made untenable by Top Group's crashing share price, and suspension of enrolments at its law school between 2019 and early 2023.
The Sydney City School Of Law-Top Group debacle came into being under the chairmanship of the previous NSW Supreme Court Chief Justice, Tom Bathurst. It is now left to his successor Andrew Bell to address the matter. It is clearly a matter for the National Anti Corruption Commission, headed by former NSW Supreme Court Justice Paul Brereton.
The Sydney City School Of Law and Top Group matter comes within the NACC's jurisdiction for it also includes TEQSA.In addition, the NSW LPAB and TEQSA's approvals provided Top Group allow that company to rely on tax payer funded FEE HELP to finance part of its operations.
The NSW LPAB and TEQSA's misconduct in the matter of Top Group is not unlike their misconduct in the matter of the College Of Law Ltd.
TO BE READ WITH
Tuesday, August 1, 2023
NSW LPAB's College Of Law irregularities include false claim by the NSW LPAB that an Australian lawyer in private practise from a prominent Malaysian family was in fact a College Of Law employee- College Of Law had falsely used lawyer's profile to promote its courses in Malaysia , NSW LPAB claimed that lawyer was in fact a College Of Law employee who was being harassed
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