Man behind Whitehaven hoax speaks up

The man behind the ANZ hoax email which saw more than $A300 million temporarily wiped from the value of Whitehaven Coal yesterday says he's prepared to face the consequences.

The man behind the ANZ hoax email which saw more than $A300 million temporarily wiped from the value of Whitehaven Coal yesterday says he is prepared to face the consequences.

Anti-coal protestor Jonathan Moylan sent a fake ANZ press release, saying that the bank had withdrawn critical funding for one of the coal company's newest projects.

The corporate watchdog is now investigating the matter.

Business reporter Ricardo Goncalves reports.