The former director of a failed Victorian dairy business has admitted he controlled the company prior to its collapse, despite earlier claiming he was only the company’s seed funder and adviser.
Key points:
- National Dairy Products was placed into administration owing farmers and other creditors more than $8 million
- Mr Esposito told the court transfers from the NDP bank account were for loan repayments owed to him
- Internal company emails presented in court show Mr Esposito was involved in setting the price the company paid milk suppliers
Antonio “Tony” Esposito made the admission under questioning by a barrister acting for the liquidators of his former …
Read the full article at: http://www.abc.net.au/news/2017-11-03/director-of-failed-dairy-company-admits-he-was-in-control/9114830
