Australia’s largest tax fraud syndicate had its origins in modest Menai – The Sydney Morning Herald

From a quiet street in Menai to the sands of Bondi Beach, the largest alleged tax fraud syndicate in the country’s history had somewhat humble beginnings. Adam Cranston, 30, son of Australian Taxation Office deputy commissioner Michael Cranston, was arrested on Wednesday with police alleging he set up and ran the $165 million tax fraud…

Rickmers warns of insolvency if bondholders reject restructuring plan – Seatrade Maritime News

Rickmers Group has warned bondholders that the company will face insolvency if they do not vote in favour of financial restructuring plans. Should the noteholders not consent to the proposed resolutions, this would presumably result in the insolvency of Rickmers Holding, the company said in a Q&A on its bond restructuring. Should Rickmers be declared…

Tree Children owner Sara Raider went bankrupt owing $600,000 … – Stuff.co.nz

ALDEN WILLIAMS/FAIRFAX NZ Tree Children’s Sara Raider declared bankruptcy owing hundreds of thousands of dollars.   The strange saga of Nelson’s quirkiest trinket shop has taken yet another twist, with the revelation that its owner ran up debts of more than half a million dollars during Tree Children’s brief period of trading. Sara Raider went bankrupt owing…

High Court could disqualify directors who traded ‘hopelessly insolvent’ firm – BreakingNews.ie

Two directors of a joinery firm which traded while “hopelessly insolvent” could be disqualified from involvement in companies for between five and 10 years, a High Court judge has said. Ann O’Loughlin of the Irish Examiner writes that Mr Justice Robert Haughton said he would hear submissions later on what period of disqualifications he would…