Receivers say provisional liquidators should be appointed to parts of the Mayfair 101 investment group, and allege that the transactions are “suspicious” and records are sloppy or misleading.
Mayfair 101 founder James Mawhinney also appeared to have treated assets of some companies with a “degree of cavalierness”, the Victorian Supreme Court heard on Monday.
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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
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
