The claim concerns an attempt to remove and replace the current fund manager of the Pacific Balanced Fund by Brown’s employer National Superannuation Fund.
The statement says that the charge against Mr Brown has not been proven and his employer, NASFUND, is fully supporting him, and believe he has not breached any laws.
Brown is the chief investment officer of the National Superannuation Fund Ltd (NASFUND) in Papua New Guinea.
Shares in ClearView Wealth Limited (ASX:CVW) closed flat at $1.10 yesterday.