Business
Angry Grocon creditor APN Property Group demands more information about millions in loans to Grollo family – NEWS.com.au
Angry Grocon creditor APN Property Group demands more information about millions in loans to Grollo family
A key meeting to decide the fate of Grocon has been delayed after an aggrieved creditor demanded more information around tens of millions of dollars in loans by the collapsed construction group to its chief executive Daniel Grollo.Excluding a complex web of intercompany loans, the group owes creditors about $100m.
Mr Grollo – the third generation in his family dynasty – is pinning his hopes to pay them back on winning a legal claim estimated to be at least $200m against the NSW government over sight…
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