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Grocon loans to Daniel Grollo top $90m

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A new document filed with the corporate watchdog reveals fallen construction and development giant Grocon has more than $90 million of loans outstanding to executive chairman Daniel Grollo and his wife Katherina and entities he ultimately controls.

The revelation comes ahead of the crunch second creditor meeting later this month that will decide the fate of Grocon, with much of the company now in the hands of administrators at KordaMentha.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/commercial/grocon-loans-to-daniel-grollo-top-90m-20210312-p57a6n