A former managing director of Legacy Iron Ore has been sentenced to three years' imprisonment over allegations of stealing more than $725,000 from the exploration company.
Charges against former Legacy Iron Ore company accountant Karen Kwan, over allegations of stolen money totalling more than $750,000, have been withdrawn.
Legacy Iron Ore founding director Sharon Heng has resigned after a board review of financial transactions during the past three years found Ms Heng owed the firm about $868,000.
