Roberts Co
Tycoon Andrew Roberts has proposed a deal for his collapsed building empire that will see him tip in about $20m to pay staff, but some tradies and larger creditors are likely to be short-changed in the fallout from the construction company’s insolvency.
The son of Multiplex founder John Roberts will exit his costly foray into construction after his Roberts Co companies called in administrators in the wake of major projects blowing out in Victoria.
Mr Roberts has put up a deed of company arrangement for the companies that he is hoping is backed by creditors of both the Victorian arm and the firm’s parent company in order to stave off a liquidation process. That could probe claims of insolvent trading and him being a shadow…