Simsai Construction Group's directors may have breached their duties by withdrawing funds when the troubled residential builder owed significant debts and was operating at a loss, according to an administrators' report.
More than 100 homes under construction by financially troubled Simsai Construction Group will be handed over to new builders as administrators begin notifying customers.
Established Perth builder Simsai Construction Group allegedly owes almost $3.5 million to the tax office which is pursuing legal action to wind up the company.
