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Published
July 16, 2018 17:22:31
The former CEO of BioSA was tried by the Adelaide District Court accused of failing to disclose a conflict of interest to a former South Australian government minister.
60, pleaded not guilty to a public office abuser and appeared before judge Liesl Chapman without a jury.
In opening the lawsuit, Attorney Peter Longson told the court that the case of Tom Kenyon, then Minister of Innovation, at a meeting in mid-June 2012.
The court heard the document, from one minute, claimed $ 12 million for the purchase and renovation of a new building, including $ 5 million for the relocation of the Nano-New Biotechnology Company from Queensland to South Australia
He heard that Dr. Michaelis had a direct interest in this society.
"In the minute of June 13, 2012 to Minister Kenyon, he states that" What is not said in the minute, which has not been communicated to the Minister or the Board of Directors. the administration of BioSA or the Conflict of Interest Register, is that Dr. N.-N. Michaelis had a fair interest in Nano-Nova by his beneficial interest in the Michaelis Family Trust who had invested in the … funds.
Board meetings avoided to avoid conflict, said court
Court heard Dr. Michaelis, reported to Mr. Kenyon. start – ups in the field of biotechnology
Dr. Michaelis has regularly been absent from BioSA 's board of directors meetings on business investments to avoid any conflict of interest.
Mr. Longson told the court that the proposal for a Nano-New lead in South Australia "was not without merit" and that it was "something that was supported and probably a very good idea"
. public and Dr. Michaelis did not get an advantage, but "it does not matter."
"The prosecution case is … the influence, the influence being the provision of the minute to the minister on June 13 to obtain funding for the relocation of Nano-New in South Australia – whether it is $ 5 million or $ 50 – is not the purpose – with the intention of benefiting from its beneficial interest in the trust. "
The court has heard Mr. Kenyon
BioSA was established in 2001 and is now known as TechinSA, its goal to build a world-clbad bioscience industry in South Australia.
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courts and trials,
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Government and politics,
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