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Grollo faces creditor’s questions about $90m company loans – Sydney Morning Herald

Property developer Daniel Grollo has apologised to creditors for “having to go through” the administration of 88 companies, but he avoided giving further details…

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It would provide a better and faster return to creditors than they were likely to receive through liquidating the companies, he said.
But several large creditors, including APN Property Group and the Australian Taxation Office, sought to have the creditors meeting adjourned to seek more information about the business dealings of the collapsed companies.
Both APN and another creditor, Impact Investment Group, questioned why more information wasnt available to creditors about the $90 million in intra-company…

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