Australia's Rinehart children cleared to sue billionaire mother


  • World
  • Wednesday, 22 Mar 2017

Australian mining heiress and Chairman of Hancock Prospecting group Gina Rinehart prepares to award medals to competitors at the Australian Synchronised Swimming Championships in Sydney, Australia, April 25, 2015. REUTERS/Jason Reed/File Photo

MELBOURNE (Reuters) - The children of mining billionaire Gina Rinehart, Australia's richest person, have been cleared by a court to sue their mother for what they describe as mismanagement of a multi-billion dollar family trust, in a long-running family feud.

Rinehart's daughter Bianca, who is now trustee of the family trust, said Hancock Prospecting Pty Ltd - the mining company set up by her grandfather, Lang Hancock, and run by her mother - did not pay A$500 million ($380 million) in dividends that she said were due to shareholders, one of which is the family trust.

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