ASIC announced today that it was bringing civil charges against the former executive and non-executive directors of collapsed property group Centro, alleging they failed to correctly classify $1.54 billion of interest-bearing liabilities.
Peter wilkinson
Deeper and deeper: the Coles Centro connection
As Centro implodes a point to keep in mind is the already remarked upon Coles Myer influence in the company. There are some interesting links around a former senior Coles Myer executive and the Centro CEO, Andrew Scott, writes Glenn Dyer.
Centro crunch re-affirms the genius of MacBank
As the ripples spread through the heavily indebted property trust market courtesy of the global sub-prime contagion, yet again we have to marvel at the brilliance of Macquarie Bank in navigating its way through, writes Stephen Mayne.
