A Chinese lender dispatched receivers to three companies linked to the high-powered trustee and superannuation services outfit Sargon Capital.
The receivership came after Sargon Capital, whose board included big players such as former Crown Resorts chairman Robert Rankin and ALP senator Stephen Conroy, struggled to raise funds in the past year.
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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
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
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
