The administrator of failed property group iProsperity has identified almost $150 million in missing funds and suggested to an initial creditors' meeting on Monday he had "serious concerns" over the group's financial activity.
Barry Wight from voluntary administrator Cor Cordis told the 5½-hour meeting he had already contacted the Australian Securities and Investments Commission.
Loading...
Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
