Mining billionaire Gina Rinehart invested more than $23 million in media ventures led by the entrepreneur behind embattled online news startup News.net, which has repeatedly failed to pay wages to staff or settle suppliers' invoices over more than a decade.
An investigation by The Sydney Morning Herald and The Age can reveal that Rinehart’s Hancock Prospecting was the largest investor of a media group pitched by Queensland businessman and media entrepreneur Michael Norris, a former twice bankrupt with a chequered business history.
Other investors in the group, including in its earlier iterations, are now speaking out, claiming they are owed hundreds of thousands of dollars after providing over the past decade funding to the group.
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