Published • loading... • Updated
'Absolute Shocker': Investment Boss Lashed over Pile-Up
TPG launched a third-party investigation after Thickins admitted negligent driving and refusing breath tests, and he was fined $1,430 and banned for nine months.
- On Tuesday, TPG Capital Australian boss Joel Thickins pleaded guilty to negligent driving and refusing to submit to breath analysis, receiving a nine-month driving disqualification and a $1430 fine.
- Earlier in June, Thickins crashed his BMW into another car in Queens Park, Sydney, before it careered into four other vehicles; Judge Michael Barko described the incident as "an absolute shocker."
- Barko rejected claims that Thickins was helpful, calling him "indignant, obstinate, argumentative," while barrister Justin Wong told the court his client was "ashamed and embarrassed" and knew he should not have driven that evening.
- A TPG spokesperson stated the organization was "disappointed" and would not immediately guarantee Thickins' future, adding that the firm has launched a comprehensive third-party investigation into the collision and unrelated allegations.
- TPG Capital, which manages more than $23 billion in assets, has faced recent controversy following denied accusations from a former executive and continues to assess its leadership status amid broader proceedings.
Insights by Ground AI
11 Articles
11 Articles
Private equity bigwig lashed over pile-up, breath test refusal
Corporate high-flier Joel Thickins crashed into five cars and refused to give a breath test. Photo: TPG Capital A private equity heavy-hitter has been disqualified from driving for nine months after smashing his luxury BMW into five cars and refusing to take breath tests.
·Otago, New Zealand
Read Full Article
Sydney Morning Herald+2 Reposted by 2 other sources
‘Better than smelling like fear’: How a perfumed private equity boss faced the judge
The local boss of one of the world’s largest private equity firms, was in a calm and confident mood as he waited to enter court on Tuesday to plead guilty over driving offences that a magistrate said were as bad as it gets without maiming or killing someone.
·North Sydney, Australia
Read Full ArticleCoverage Details
Total News Sources11
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
Factuality
To view factuality data please Upgrade to Premium
