Explore the latest developments concerning Liquidators probe multi-million-dollar.
Liquidators probe multi-million-dollar sale of collapsed Mundella assets
The administrators of the dairy companies are still operating the business and fulfilling orders. (ABC South West WA: Jon Daly)
Liquidators of the collapsed dairy company Mundella Foods say they have identified nearly $800, 000 worth of potentially unreasonable director transactions.
An ongoing investigation is also examining whether the multi-million-dollar sale of Mundella Foods and Margaret River Dairy Company constitutes an "uncommercial transaction".
The former director of West Australian dairy company, Mundella Foods, says he "literally has nothing" left and has denied any improper transactions following the company's collapse into liquidation.
Hayden Russell is facing scrutiny from liquidators over what they say could be more than $2 million in potentially unreasonable director-related and insolvent trading transactions.
Mundella liquidators identify potential transactions worth over $2m — ABC News Australia
In Western Australia, liquidators of dairy company Mundella Foods are examining potentially unreasonable transactions and possible insolvent trading worth more than $2 million in total. Creditors of Mundella Foods and related companies are still owed $12.5 million, ABC News Australia reports.
A report by liquidators Mackay Goodwin filed with the corporate regulator states that they identified $778,000 in potentially unreasonable director-related transactions, including frequent cash withdrawals. The liquidators stressed that further investigation is needed to determine whether these funds were used in the company’s operations and whether the transactions were unreasonable.
The liquidators also found that Mundella may have traded while insolvent from at least 1 July 2024, with the value of the relevant transactions amounting to $1.3 million. The report provides no final conclusions; additional funding is required to continue the investigation.
ANBERNIC RG 40XXV 64 Bit Linux 4.0'' IPS 640*480 Screen Portable Game Player TV-HD-Out 3200mAh Battery RGB joystick RG40XXV
Mundella Foods Liquidators Probe Sale as Creditors Owed $12.5 Million
Liquidators of collapsed Western Australian dairy company Mundella Foods have flagged $778,000 in potentially unreasonable director transactions and are examining the sale of its assets. Creditors are still owed $12.5 million, and the report says no dividend is likely.
Liquidators are probing the multi-million-dollar sale of collapsed Mundella assets, according to a statutory report ABC News covered on November 10, 2026. They are examining whether the sale of Mundella Foods and the Margaret River Dairy Company (MRDC) was an "uncommercial transaction". Creditors are still owed $12.5 million.
Liquidators at Mackay Goodwin filed the report with the corporate regulator. They found $778,000 of potentially unreasonable director-related transactions, including "frequent cash withdrawals". More investigation is needed to establish whether the cash went into the business or was unreasonable.
For more detailed information, explore updates concerning Liquidators probe multi-million-dollar.
Leave a Reply