Surprising allegation in the $6.3m collapse of Brisbane RVs

A surprising allegation has emerged in the $6.3 million collapse of one Brisbane business earlier this year.

A former bookkeepr for Brisbane RVs is facing 250 charges of fraud over alleged embezzlement offences equalling $1m. FILE PICTURE

A SURPRISING allegation has emerged in the $6.3 million collapse of one of Brisbane’s biggest recreational vehicle dealerships earlier this year.

Police allege that the bookkeeper working for Brisbane RVs embezzled nearly $1 million over a six-year period before getting caught.

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She is now facing 250 charges of fraud.

Brendan Saggers

Other factors, of course, triggered the failure of the company, which was owned by Brendan and Andrea Saggers and traded in Burpengary for 17 years.

Liquidators with Worrells insolvency firm found that increased competition and a demand from Well Fargo financiers for the immediate repayment of $3.1 million contributed to the demise of BJ Saggers Investments Pty Ltd in March.

When talks with the lender came to nothing, Wells Fargo seized 56 caravans off the lot and is still trying to offload them.

Worrells also found the company may have been trading while insolvent since last November. The Saggers could not be reached for comment yesterday.