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Suspect Palandri deals to be probed
7-October-08
Written by Rebecca Lawson
Creditors of the collapsed Palandri Wine Group have today voted overwhelmingly in favour of placing the company into liquidation, but a return figure has yet to be determined as suspect transactions warrant further investigation.
At a meeting this morning, creditors heeded the administrator Deloitte's recommendation to place the company into liquidation. Deloitte will act as liquidators for the company.
"The primary reason why creditors wanted the group to go into liquidation was so that the liquidators can investigate further certain transactions and see whether they can make any recoveries from third parties," Deloitte partner Gary Doran told WA Business News.
Article continues...
7-October-08
Written by Rebecca Lawson
Creditors of the collapsed Palandri Wine Group have today voted overwhelmingly in favour of placing the company into liquidation, but a return figure has yet to be determined as suspect transactions warrant further investigation.
At a meeting this morning, creditors heeded the administrator Deloitte's recommendation to place the company into liquidation. Deloitte will act as liquidators for the company.
"The primary reason why creditors wanted the group to go into liquidation was so that the liquidators can investigate further certain transactions and see whether they can make any recoveries from third parties," Deloitte partner Gary Doran told WA Business News.
Article continues...
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