In this stunning announcement, violations of the law are detailed including specific dates when these violations began to occur. The bulk of which are during the period when MP Warren Entsch was a director, or chairman of the CEC Group.
The former Howard-government MP Warren Entsch was chairman from 22 March 2010 until he resigned to run again for the seat of Leichhardt on 8 JULY 2010. Entsch was preselected to run for the seat of Leichhardt on 15 November 2009.
In the terse statement forced out by the regulators, CEC Group reveals:
• "Employee superannuation contributions remain outstanding from October 2009".
• "PAYG remittances remain outstanding from January 2010".
and additionally "debt outstanding to the Australian Tax Office. . .is in excess of $2.38 Million"
ALL OF THESE SERIOUS VIOLATIONS OF THE LAW.
ALL OF THESE OCCURRING DURING THE PERIOD WHEN OUR NOW MP, WARREN ENTSCH, SERVED AS EITHER BOARD MEMBER OR CHAIRMAN OF THE CEC GROUP.
Directors have the absolute duty to know the financial details of the company they're managing. This is doubly true for the chairman. While the Entsch denials of complicity are already being written (maybe by Andrew Griffiths Enterprises P/L), longstanding legal decisions mean Entsch is at the core of the illegal actions at CEC Group.
Spinmeister Andrew Griffiths, chairman of Andrew Griffiths Enterprises P/L says in today's Cairns Post "the ASX had pushed the company to publicly disclose its true financial position to counter what they had seen as overly optimistic announcements in recent months. “It wasn’t our choice to come out and say this,”. In other words, the company was prepared to keep lying to the market and shareholders, with Griffiths charged with fronting up to tell these lies on behalf of CEC. In "Griffiths-speak", "overly optimistic" is what the ASX and ASIC call "misleading bullshit". Even the face of being forced to tell the truth, CEC Group sends out Andrew Griffiths Enterprises, like the Wizard of Oz, to tell the public "don't pay any attention to the truth of this statement and instead believe my spin".
Simpleton Griffiths is attempting to defend the bald-faced lying done on behalf of CEC Group and yet has so far refused to identify who ordered these lies be told by the company, and if the timing of these statements was influenced by the federal election process. At least some of the press releases and other "spin" coming from the CEC Group offices would have required a sign-off from Warren Entsch as their chairman. Since these allegations have surfaced, Andrew Griffiths been stripped of his chairmanship of the Far North Regional Development Fund and bounced from their board along with chief executive Sarah Powell. It's hard to be a "motivational speaker" when their actions have been so tainted and defiled. Who can believe a word from Andrew Griffiths Enterprises after their press releases have been held up as textbook violations of corporate law?
Then the same Warren Entsch has called for the "bucket of money" earmarked for the Cairns Council's Entertainment Precinct to be used to prop up the new owners of the Sheraton Mirage - a suggestion so ridiculous even John MacKenzie scoffed at the idea yesterday! What is Entch's connection to the new owners of the Sheraton Mirage, and why does he think a private hotel refurbishment is an appropriate place for a government handout?
Entsch's own spinmeister, Danae Jones, is herself a failed businesswoman and bankrupt. Her "In Touch Media" (ITM Corporation) is in bankruptcy administration with accusations of corruption and lying by her employees, who've been dudded like those at CEC Group. Despite the bankruptcy, In Touch Media websites still are trolling for business as is Danae personally on LinkedIn.
Now that the public has been given at least some of the real facts in the CEC Group debacle (keeping in mind the majority of their shares are held by Cairns region locals), it's time that Warren Entsch is subjected to a federal government investigation to his presiding over illegal actions at CEC Group screwing local employees, tradies, shareholders, and now the government out of superannuation and other legally required benefits.
INVESTIGATION OF MP WARREN ENTSCH DEMANDED BY THE RESIDENTS OF LEICHHARDT!