The Queensland energy baron Trevor St Baker has invoked his right against self-incrimination in a court case brought by a former executive at ERM Power, who alleges he uncovered “sham transactions” and insider trading.
A Queensland supreme court ruling last week found that St Baker and his son, Philip, along with nine other former directors of ERM Power, should be excused from making certain disclosures in the case because doing so would expose them to “a real and appreciable risk of criminal prosecution”.
