Companies

Gold miner sues former CEO

Southwestern Resources has commenced legal action against its former chief executive, John Paterson, accusing him of fraud, breach of fiduciary duty and insider trading.

Southwestern is currently embroiled in a scandal over its Boka project in southern China. In July, the company announced it had found errors in previously reported assay results for the project, and an investigation has now found mineral resources at Boka to be significantly less than previously reported.

The company is also attempting to pursue action against John Zhang, its former general manager for the Boka project.

September 2007