One of the group companies that failed was Majella Towers One, a company initially set up to develop a 91-apartment project, Radius, in inner Brisbanes Woolloongabba.
Professor Monsour, a specialist in oral and facial surgery, had been a director of Majella Towers One from 2011 until ceasing in May 2016, saying he was pulling back as that development was built, he was elderly and the organisation was looking to extend into other projects.
I left the company with the capacity to generate a significant profit, he told the hearing, commenced by the companys liquidator, Nigel Markey of Pilot Partners.
Seb Monsour: I’ve got nothing.
The remaining director was Seb Monsour. The hearing heard a backer, Michael Kaminski, had lent $2 million…
Read the full article at: https://www.afr.com/companies/financial-services/the-surgeon-his-ceo-son-and-a-costly-development-spat-20200720-p55dsq