ASIC Raids Moylan's Campsite

Meanwhile, over at the ABC's online website - they report on the Australian Securities & Investments Commisiion's involvement today.  However, there seems to be an absence of any mention of the "involvement" of the Greens Senators Rhiannon and Milne's public support of the criminal actions of Jonathan Moylan.  I wonder why that is?  Some facts reported.  Others concealed.  Our ABC - fair, balanced and unbiased reporting yet again!
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ASIC raids Whitehaven hoaxer's campsite
Updated 1 hour 15 minutes ago

The man at the centre of the Whitehaven coal hoax says the corporate regulator has raided his camp in northern New South Wales and taken his phone and computer.

Jonathan Moylan, from Frontline Action Coal, issued a fake ANZ media release claiming the bank had pulled a $1.2 billion loan from Whitehaven's Maules Creek project on environmental grounds.

The Australian Securities and Investments Commission is considering legal action after $314 million was temporarily wiped from the value of the company.

Many investors lost up to 9 per cent of the value of their shares by selling on media reports based on the fake release, before the share price recovered after Whitehaven and ANZ confirmed the release was a hoax.

Mr Moylan says ASIC raided his camp at the Maules Creek coal project near Boggabri in northern New South Wales.

"ASIC did turn up at the camp and, unfortunately I don't know exactly how much I'm allowed to say about that because there are offences for revealing details of an ASIC investigation, but I can say I've been required to attend questioning and they've seized my phone and computer," he told Radio National Breakfast.

The 24 year old environment activist says he is more concerned about the environmental impact on the local community than his own welfare.

"There may be very, very serious consequences for me that's going to affect only me," he said.

"The real on the ground impact going to be felt by the local community here is much more at the top of my mind.

"These projects are continuing to be approved and generating the biggest crisis that humanity faces."

http://www.abc.net.au/news/2013-01-09/asic-raids-whitehaven-hoaxers-campsite/4457698

The Morally Bankrupt Australian Greens

Another example of the repugnant and morally bankrupt Australian Greens Party.  Not content to simply create mayhem with regard to Australia’s border control via importation of boatloads of illegal entrants (who immediately affix themselves to the public teat, form ghettos that, in many cases, become no-go zones, even for law enforcement officers and show an unwillingness to assimilate into Australian society and Australian way of life.)  The Greens are also driving Australia’s prosperity into the ground via useless and ill-conceived  CAGW schemes, they now clearly show they have no intention of upholding Australian law.

 

The Australian Greens are in coalition with Labor ensuring the Gillard Regime would have the numbers to govern along with help from several Independents.   An unspeakable three-year disaster for this Nation.

 

Sinclair Davidson is correct.  Financial arson has been committed by Jonathan Moylan.

 

Reblogged from Catallaxy Files.

Australia's leading libertarian and centre-right blog

Financial arson

5 comments

How to characterise what Jonathan Moylan did?

Well the Greens are trying to run a ‘civil disobedience‘ line.

THE Greens leader, Senator Christine Milne, has endorsed a controversial hoax by an anti-coal activist, saying his actions were ”part of a long and proud history of civil disobedience, potentially breaking the law, to highlight something wrong”.

Her comments came after a tweet by her colleague Lee Rhiannon, who publicly congratulated Jonathan Moylan, an activist under scrutiny for impersonating a bank and temporarily wiping $314 million off the value of Whitehaven Coal.
”Congrats to Jonathan Moylan, Frontline Action on Coal, for exposing ANZ investment in coalmines,” Ms Rhiannon tweeted on Tuesday night.

Okay – good luck with that. I’m not convinced myself but it does leave the Greens having to explain why destroying economic prosperity and shareholder value is for the ‘good’. Having destroyed the Tasmanian economy they are turning their sights onto the mainland.

Conversely Nikki Williams from the Australian Coal Association has an excellent op-ed in the Australian.

The deliberate and fraudulent manipulation of the stockmarket is a serious offence, which undermines confidence in Australia’s investment system.

I disagree with two sentences.

Contempt for the interests of the public is an unusual face for the activist movement.

No. Ask the Tasmanian logging industry about that.

Free speech is a right that must be protected, but with free speech must come responsibility and accountability.

This is not a free speech issue. Moylan should be free to tell us all about the evils of coal mining and how it is disgraceful that ANZ is lending them money and, if he were an ANZ shareholder, turn up at the AGM and ask tough questions etc. etc. etc. In fact, Moylan is free to do all those things already.

Moylan did not say what he liked, he did what he liked. Moylan committed an act of violence against Whitehaven’s shareholders and the integrity of the Australian financial markets – so every person in Australia who has direct investments or indirect investments like superannuation.

If he had set a forest fire we would immediately recognise the wrong – he did the financial equivalent.
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More about this disgusting saga at Michael Smith News.