Mukesh Panchal’s position as QGC’s company secretary was terminated on 28 February, one day after QGC’s managing director Richard Cottee heard for the first time of Panchal’s involvement in an ASIC probe into the alleged purchase of QGC shares between 15 January and 1 February.

Cottee briefed the board of QGC on the 29 February and the London-based chief executive of BG Group, Frank Chapman, was also briefed on the matter during late February.

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