Aston Chace principal Steve Naidenov has been expelled from ARITA after failing to provide responses that the peak insolvency and restructuring organisation found satisfactory.
In a short statement published this morning ARITA said Naidenov’s membership was terminated yesterday after he failed “…to provide a reasonable response to ARITA’s inquiries regarding his conduct in relation to a complaint received by ARITA and issues associated with the decision in Commissioner of Taxation v Iannuzzi (No 2)  FCA 1818”.
iNO readers will be aware that Naidenov was formerly a senior member of Veritas Advisory, the firm owned and operated by disgraced ex-liquidator David Iannuzzi.
In late 2019 Iannuzzi agreed by consent to orders in the Federal Court cancelling his registration as a liquidator and banning him from applying to be registered as a liquidator for 10 years.
Most of the remaining senior members of Veritas – including Naidenov – subsequently began operating under the banner Aston Chace in the hope they could put the troubles of the Iannuzzi era behind them.