Administrators have raised concerns about the outflow of almost $14 million from a now-collapsed company in a funds management group named after pirates.
The administrators of JB Financial have also said their initial probe of the company’s failure had turned up potential breaches of director duties and argued “strong” public policy reasons exist to investigate further.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
