Mr Saipaini’s friend was at the top of the pyramid, Mr Fernandez said. The Canberra kingpin would organise, through another Canberra contact, the drugs from Sydney. He had drivers pick up the drugs from Sydney for $500 per journey, the court heard. There were, Mr Fernandez said, substantial amounts of drugs and money involved. The…
UPDATE 1.50pm: The state governments education and training department spokeswoman Katie Elliott said Journey Management Group had entered into liquidation and ceased training. The department will be in contact with all Victorian Government-funded students explaining their options for further training, she said. This is a difficult time for students and we will help them complete their…
Phoenixing by companies that deliberately go broke has a direct cost of up to $5bn a year on business, employees and government, including a whopping $3bn owed to other businesses, a PwC report says. Phoenixing is the deliberate and systematic liquidation of a company to avoid liabilities such as tax and employee entitlements then restarting…
Tata Steel is gearing up to acquire Bhushan Power & Steel, going through insolvency proceedings, if it gets the requisite approvals. Much like the Bhushan Steel deal, Tata Steel is keeping its financing arrangements ready and is sounding out people within the organisation for Bhushan Power & Steel. …