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ASIC deputy told chairman she could have ‘destroyed’ him

Karen Chester raised allegations about her boss James Shipton in a private meeting, then asked him to lobby business figures to help her get his job.

Mayfair 101

Mayfair 101

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  • snippetAustralian Financial Review

    At one point, Mr Shipton and Ms Chester agreed it would be best not to be in a room together without other people present. Former commissioners Sean Hughes and Danielle Press...

    Mayfair 101Mayfair 101

    This give you an idea of the state that ASIC was in at the time it targeted Mayfair 101.

    Clarification
  • snippetAustralian Financial Review

    For you to phone up those people and say something nice about me. That I ‘did a damn good job’ and I ‘was incredibly professional in my parliamentary hearings’.

    Mayfair 101Mayfair 101

    Ms Chester's statements speak for themself.

    Accurate
  • snippetAustralian Financial Review

    The conversation, which was recorded on April 9, 2021, began with a discussion about the selection of Mr Shipton’s successor. Ms Chester said she was one of two final candidates.

    Mayfair 101Mayfair 101

    Ms Chester was one of two candidates and she lost. That must be quite humiliating for her considering what she tried to do to obtain the role.

    Clarification
  • snippetAustralian Financial Review

    She asked him to fix the problem by contacting influential figures and praising her performance while Treasurer Josh Frydenberg was choosing his successor.

    Mayfair 101Mayfair 101

    Ms Chester led ASIC's campaign against Mayfair 101. It appears from this statement in the article that she was concerned about obtaining the top role at ASIC. This might explain why ASIC's legal...

    Clarification
  • snippetAustralian Financial Review

    she asked him to lobby senior business leaders to help repair her reputation

    Mayfair 101Mayfair 101

    Ms Chester's statements about Mayfair 101 and Mr Mawhinney echo her behaviour toward Mr Shipton. It is apparent she would do anything, including making false public statements about Mayfair 101, in...

    Clarification
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    snippetAustralian Financial Review

    ASIC deputy told chairman she could have ‘destroyed’ him

    Mayfair 101Mayfair 101

    Just 10 days later when Justice Anderson handed down a 20-year fundraising ban to Mr Mawhinney (which was overturned on appeal) Ms Chester made a serious of defamatory comments in an ASIC media...

    Clarification