Published 15 days ago

Woolworths CEO threatened with jail in fiery inquiry appearance

Woolworths CEO faces potential jail time for refusing to answer questions on supermarket's profitability.
CEO warned about contempt of Senate if he continues to withhold information.
Brad Banducci repeatedly refused to answer questions about a key measure of Woolworths' profitability.

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The Guardian

Senate inquiry chair threatens to hold Woolworths CEO in contempt – video

The Greens senator Nick McKim, who is chairing the Senate inquiry into supermarket practices, told Brad Banducci he may be held in contempt after the Woolworths chief executive declined to disclose the company’s return on equity, an important gauge of profitability, amid claims the company price gouges customers and unfairly puts pressure on suppliers. ‘I also feel compelled to advise you that that opens up a range of sanctions, personal sanctio…

17 days ago·London, United Kingdom

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Sydney Morning Herald

Woolworths CEO threatened with jail in fiery inquiry appearance

Outgoing Woolworths CEO Brad Banducci has been threatened with jail time and warned he could be found in contempt of the Senate during a fiery inquiry hearing this morning.

16 days ago·Sydney, Australia

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ABC Australia

Greens senator threatens Woolworths CEO with six months in prison for contempt of Senate

Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing.

17 days ago·Australia

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SBS News

Woolies CEO threatened with jail in heated Senate hearing clash over supermarket profits

Woolworths chief executive Brad Banducci has been warned of possible jail time for holding the Senate in contempt during a tense committee hearing.

17 days ago·Sydney, Australia

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7NEWS Australia

Woolworths boss threatened with jail at Senate inquiry

The supermarket giant’s CEO Brad Banducci has been warned of possible jail time after refusing to answer a key question.

17 days ago·Australia

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9News

Coles, Woolworths bosses to front Senate supermarket inquiry

The CEOs of supermarket giants Coles and Woolworths will face a Senate inquiry today as the government continues to probe allegations of price gouging.Yesterday, whistleblower Abdel Badura spoke to the committee and dropped bombshell claims about his time working for suppliers to the big grocers."During this time I have witnessed the tactics and practices Australia's supermarket duopoly Coles and Woolworths deploy to price gouge suppliers and …

17 days ago·Australia

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