ARTICLE
26 September 2023

Investment scheme leaves families $60 million out of pocket

CP
Cathro & Partners
Contributor
Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value. With a reputation for delivering high quality results, we can assist your business to overcome strategic and financial challenges. ​ You can rely on our team to find the right solution for you and protect the interests of stakeholders. We pride ourselves on identifying tailored solutions for your business.
Link to 730 report story on the consequences of a financial adviser's companies going into liquidation.
Australia Insolvency/Bankruptcy/Re-Structuring
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A complex structure of companies linked to Sydney-based financial adviser Kris Agrawal and his wife Sashi were placed into voluntary administration in August. Cathro & Partners, which is acting for three of those companies now in liquidation, identified an additional $44.4 million in debts owed to creditors, bringing the total debts owed by the Agrawals to over $80 million.

ABC's 730 Report covered the story:

https://www.abc.net.au/news/2023-09-11/investment-scheme-kris-agrawal-collapse-families-60-million-730/102821010?utm_campaign=newsweb-article-new-share-null&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web

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ARTICLE
26 September 2023

Investment scheme leaves families $60 million out of pocket

Australia Insolvency/Bankruptcy/Re-Structuring
Contributor
Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value. With a reputation for delivering high quality results, we can assist your business to overcome strategic and financial challenges. ​ You can rely on our team to find the right solution for you and protect the interests of stakeholders. We pride ourselves on identifying tailored solutions for your business.
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