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Reuters

Reuters

Mineral Resources founder Ellison to step down after tax evasion probe, penalties imposed

Reuters
Summary
Nutrition label

78% Informative

MinRes founder Chris Ellison will step down from the board and incur a combined A$18.4 million in financial penalties and lost remuneration.

MinRes shares slipped as much as 7% to A$ 37.76 by 1109 GMT , its worst session since Oct. 25 .

Decision marks the conclusion of an investigation over undeclared payments by Mineral Resources to companies linked to Ellison .

VR Score

89

Informative language

98

Neutral language

27

Article tone

formal

Language

English

Language complexity

64

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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