Workspace One Director Accused of Misappropriation Amidst Company Liquidation
When Kathryn Arnold, director of Sydney-based Workspace One Pty Ltd, a construction company specialising in office space refurbishments, transferred $861,000 to her personal bank account, she set in motion a chain of events that left the company in liquidation and its creditors in a lurch. The company, which counted City Chic among its significant contracts, folded in May, leaving behind liabilities of $845,000 and an incomplete renovation. In the midst of this wreckage, creditors like Jackson, who is owed $120,000, are grappling with severe financial difficulties.
A Shadow Director and Missing Information
Company liquidator, Liam Bailey, alleges that Arnolds…