The corporate regulator has launched a criminal investigation into a failed Queensland luxury caravan company amid fresh allegations the former director illegally paid dividends to shareholders.
Zone RV collapsed in December owing $42 million to creditors before the Sunshine Coast business was wound up in January.
More than 100 customers, many of them retirees, collectively paid millions of dollars in progress payments for caravans that were never built.
These customers will not receive a cent from the liquidation process, the liquidator Cor Cordis confirmed.
A new owner purchased Zone RV’s assets in April to continue the brand but the majority of creditors were left empty-handed.
A Cor Cordis report alleged Zone RV’s founder and sole…