Major private debt collector Panthera Finance has appointed new directors and put parts of the company into administration as it seeks to sell off its scandal-plagued business.
Last month, Guardian Australia revealed Panthera, one of the countrys biggest private debt collection firms, had circumvented a blacklisting designed to stop it from operating in Victoria and continued to strike debt purchase deals within weeks of regulatory warnings.
The company has now announced two of its holding companies have been voluntarily placed into administration. Two new directors the existing chief financial officer, Frank Terranova, and Ryan Shaw have also been appointed.
The company denies the moves are linked in any way to public revelations about i…
Read the full article at: https://www.theguardian.com/australia-news/article/2024/jun/29/debt-collection-giant-panthera-puts-large-parts-of-its-business-into-administration