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Business

ASIC sues TerraCom Limited and senior company figures after allegations it faked coal quality reports

ASIC Coal ASX Federal Court
In 2017, TerraCom acquired its flagship Blair Athol Coal Mine, located in Clermont. (ABC News)

The corporate watchdog has launched legal action against the operator of a Clermont mine, after allegations it faked coal quality reports.

The Australian Securities and Investments Commission (ASIC) has claimed Queensland's TerraCom, and four senior company figures at the time, engaged in conduct that harmed a whistleblower who raised the allegations.

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