A disciplinary committee has cancelled David John Leighs registration as a liquidator following charges against him for allegedly misappropriating $800,000 from a liquidation bank account.
The committee, consisting of an ASIC representative, an Australian Restructuring Insolvency and Turnaround Association(ARITA) representative, and an appointee of the Minister for Revenue and Financial Services, also decided that a condition should be imposed on all other registered liquidators that they must not allow Mr Leigh to carry out any of the functions or duties, or exercise any of the powers, of a registered liquidator on their behalf for eight years commencing on 22 February 2019.
The committee refrained from issuing the maximum 10 year per…
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