Business
Liquidator probes claim road upgrade company traded while insolvent – The Age
The director of Civilink, which owes $20 million after going broke while working on the Western Roads Upgrade, may be protected from charges by a COVID-19 legal…
Civilink owes creditors about $20 million. Most of the cash is owed to subcontractors working on the $1.8 billion project to upgrade eight roads in Melbournes west and maintain more than 260 kilometres of road from Footscray to Werribee.
Most of these creditors are unlikely to be repaid, the liquidator has warned in its latest report, prompting business owners to threaten legal action against the state government, arguing it is ultimately responsible for failures on the taxpayer-funded project.
…
-
Business13 hours ago3 ASX 200 blue chip shares to buy with $3,000 in July
-
Noosa News24 hours agoMeet the Tasmanian farmers keeping the English Leicester sheep breed alive after 200 years
-
Noosa News15 hours agoIllegal holiday shack built in protected Great Barrier Reef national park
-
Business16 hours agoJP Morgan initiates coverage of Telix Pharmaceuticals. After rising 1,667% in 5 years, is it still a buy?