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Two young business men, $900,000 and the whistleblower

Unfair DismissalAugust 5, 2014

Two young business men, $900,000 and the whistleblower (Last Updated On: August 5, 2014)

Joel Murphy, a former employee of Pepperstone Financial has launched Federal Court action in an unlawful dismissal claim worth over $900,000 for whistle-blowing. The employee was terminated after relieving that two university friends, NAB employee Lukas Kamay (26) and ABS employee Christopher Hill (24) were insider trading.

Mr Murphy was fired shortly after alerting the Australian Securities and Investments Commission to the $7 million scandal. His termination took place the day the insider trading story broke in Australian media. The accused insider traders assets included a $500,000 deposit on a luxury Albert Park apartment newly renovated on the reality TV show The Block. A full investigation is underway because Mr Murphy raised his concern and acknowledged the wrongdoing of the men.

Whistleblower protection policies are put in place to provide a safe environment to report concerns to management about wrongdoing. If Mr Murphy is found to have brought genuine light to this matter of concern and has not acted in a malicious way to gain in personal pursuits then his wrongful termination claim will be just.

If you are an employer and do not have a whistleblower protection policy in place, call Employsure today on 1300 651 415 or fill out the form below.

*Information sourced via the Smart Company website.

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