Reports: Accell Group insolvency escalated to bankruptcy

AMSTERDAM (BRAIN) — Dutch news sites are reporting that the Amsterdam district court has declared Accell Group bankrupt. The move follows the court’s granting the company some protection from creditors last week.  The reports, including one on NL Times, quote trustees who note the case is complex because of Accell’s subsidiaries in several nations, including…

John Adgemis’ former lieutenant flips on boss in court

Jon Adgemis’ long-time lieutenant has dramatically turned on the former KPMG dealmaker, accusing him of funding his exorbitant lifestyle through his companies, including from GST refunds the tax office alleges he was not entitled to claim. Former JAGA Group chief financial officer and current Woollahra councillor Alexander Andruska told the Federal Court on Wednesday of…

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Inside the $40m family feud that liquidated two Nakhle firms

A dispute between members of the wealthy Nakhle family has seen two companies liquidated over claims of insolvency, broken relationships and allegations of more than $40m being misappropriated. The prominent South Auckland family comprises father Elias, mother Henriette and sons Daniel, David and Roger, who made their fortune in property development before branching into hospitality,…