A federal court judge has been left baffled over the limited information from the liquidators of Michael Dunjey's company assets, allegedly valued in the millions of dollars.
The Federal Court has unveiled its judgment against Michael Dunjey that found his company Ascent having liabilities of $117 million and likely to have operated a Ponzi scheme.
The corporate watchdog has succeeded in its bid to wind up Ascent Investment surrounding allegations the company and its director Michael Dunjey owed investors almost $150 million.
More than $100 million is believed to be owed by ASX-delisted Vietnam Industrial Investments, as the Perth business which had previously boasted high profile directors is sent into liquidation.
Cor Cordis has been appointed as liquidator of Griffin Coal, joining receivers Deloitte, with the power to potentially cancel a supply deal with Bluewaters.
When administrators from Deloitte walked into the West Perth offices of WBHO Infrastructure in February, they knew speed would be critical to rescuing the business.
Creditors of WBHO Infrastructure will decide next week if they accept a bid by SRG Global to buy the collapsed company, with administrators warning the alternative is liquidation.
Subiaco-based SRG Global has announced plans to take over West Perth-based rival WBHO Infrastructure as part of a $15.2 million deal following the company's collapse late last month.
The corporate watchdog has taken to the Federal Court in a bid to appoint provisional liquidators to Applecross-based Ascent Investment just months after having its assets frozen.
Administrators were appointed to 18 WBHO Australia entities overnight, including West Perth-based WBHO Infrastructure, and Probuild, which could be expected to owe at least $250 million.
Four hundred Metals X employees and contractors have lost their jobs after the company halted operations at its Nifty Copper mine today, one day after another Pilbara miner Millennium Minerals entered into voluntary administration.
Local energy producer Empire Oil & Gas has entered voluntary administration today, two weeks after receivers took control of subsidiary Empire Oil, which operates the company's key Perth Basin assets.
The managing director of collapsed Perth building firm Gavin Construction made an unsuccessful last-ditch bid to recover a failed Karratha laundry project just weeks before appointing administrator
Balcatta construction company Oostveen Pty Ltd, which previously traded as Niche Construction WA and Niche Developments, has been placed into external administration.
