Damian Griffiths, the deeply, deeply embattled founder of the previously-swiftly-expanding Doughnut Time chain, owes the ATO a cool $1 million, according to a statement from Worrells Solvency and Forensic Accountants.
Raj Khatri had been appointed as trustee of Griffiths bankrupt estate by the debtors. The statement notes that the ATO is Griffiths single biggest creditor:
The principal creditor on the Statement of Affairs is the Australian Taxation Office (ATO) in the sum of $1million, arising from a Director Penalty Notice issued in respect of unpaid PAYG and superannuation debts of the abovementioned companies.
Other creditors include several loans that were provided by family members in the vicinity of $2million. One of thos…
Read the full article at: https://www.pedestrian.tv/news/damian-griffiths-doughnut-time-founder-ato/
