Grain trader Brenton Strauss faces up to two court appearances in a week

MURRAY Bridge grain trader Brenton Strauss potentially faces two court appearances within a week.

MURRAY Bridge grain trader Brenton Strauss potentially faces two court appearances within a week.

Administrator Tony Matthews, of Anthony Matthews and Associates, took court action in February to wind up Strauss company Crazy Lace (SA) Pty Ltd, owner of the Nhill Bulk Handling site in the West Wimmera.

It was to be heard in the Adelaide Supreme Court yesterday afternoon.

Mr Strauss put Crazy Lace (SA) up as guarantor for two 10-cent-in-the-dollar payments to creditors of another company, Sapphire (SA) Pty Ltd under a deed of company arrangement entered into in May, 2014.

But he failed to make the payments to creditors.

Next Monday, Mr Strauss goes before the Murray Bridge Magistrates Court for another mention under action taken by the Australian Securities and Investments Commission over breach of directors duties.

He faces up to five years in jail on each of two counts under Section 184 of the Corporations Act if found guilty of the criminal charges.