ASIC

Pair’s use of “power-of-attorney” riles ASIC

Whilst one must take care not to assume, it looks as though ex-KordaMentha partner Cliff Rocke and KordaMentha’s John Bumbak have doubled down in getting up officialdom’s nose. It started on June 6 when Rocke went to the Federal Court seeking an order to facilitate his retirement as sole liquidator of three companies to which he’d been appointed before his departure from Kordas in December, 2016. Rocke also asked…

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Neolido 524 poses burning questions for Sparks

The alleged misappropriation of $800,000 from the liquidation account of Neolido Holdings by David Leigh will produce plenty of fallout for his ex-colleagues at PPB Advisory (PPBA) and no partner is closer to ground zero than Grant Sparks. SiN makes no suggestion that Sparks was in any way complicit in the alleged fraud or negligent but as joint liquidator of Neolido Holdings he, like any other…