The administrators of embattled steelmaker Arrium say the company may have traded while insolvent.
In a report to creditors, KordaMentha stated it had identified a “number of transactions” entered into by Arrium prior to its collapse that warrant further scrutiny.
“There is evidence which warrants further investigation as it suggests that the Arrium group of companies may have traded whilst insolvent for a period,” it read.
“We are not in a position to provide final comments about potential offences that may have been committed or amounts of money that may be recoverable in the event any of the Arrium Group of companies are placed into liquidation.
“There …
Read the full article at: http://www.abc.net.au/news/2016-10-27/arrium-transactions-under-investigation,-administrator-says/7969196