Last month former ABC Learning Centres CEO and BRW Rich List member Eddy Groves appeared before a court to face criminal charges resulting from a breach of directors’ duties.
Martin kemp
ASIC narrows the focus on Eddy Groves
It seems like ASIC has gone back to basics in its pursuit of former ABC Learning Centres boss Eddy Groves. SIC has decided to conduct a very narrow criminal prosecution based on a single transaction between ABC and former executive director Martin Kemp.
ABC Learning keeps centres open, closes down share trading
ABC Learning shares went into a trading halt this morning as the directors started to come clean on the scale of their margin calls, writes Stephen Mayne.
Sing Inc and CBA drop plenty as ABC Learning founders
Whilst it has not been widely recognised in the media, ABC Learning had a debt rollover scare in December that coincided with the disaster unfolding at Centro Properties Group. So, what saved the world’s biggest childcare company from the same fate of Centro? asks Stephen Mayne.
