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Liquidators ordered to repay almost $2 million

Liquidator John Sheahan. Federal Court Judge Tony Besanko has detonated the judicial equivalent of small nuclear device in the vicinity of Ian Lock and John Sheahan, ruling the pair must repay 30 per cent of almost $5.8 million in fees that they’ve been paid as administrators and liquidators of the Cedenco JV Australia Group. In determining the quantum of the reduction – first flagged in…

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PwC trawls Jirsch files in fraud aftermath

Sacked Jirsch Sutherland partner Amanda Young. Image: Linked In. The costs keep mounting for Jirsch Sutherland with the firm engaging PwC to conduct an exhaustive audit of its systems and files in the wake of the alleged misappropriation of approximately $238,000 by former partner Amanda Young. A spokeswoman for Jirsch yesterday confirmed the engagement, which INO understands will attempt to identify how Young, whose employment…