January 13, 2019 / 11:00 PM / a month ago

Australia's Clearview Wealth says charges dropped against director in Papua New Guinea

(Reuters) - Wealth manager Clearview Wealth Ltd said on Monday that the criminal charge against independent non-executive director David Brown in Papua New Guinea had been dropped by the Waigani District Court, Port Moresby.

The charge had been levied in August 2018 in light of a claim by the Melanesian Trustee Services regarding an attempt to remove and replace the current fund manager of the Pacific Balanced Fund by Brown’s employer, National Superannuation Fund.

Reporting by Ambar Warrick in Bengaluru; Editing by Peter Cooney

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