Millions of dollars have been rorted from a federal government scheme introduced to encourage Australian companies to invest in research and development, including claims from bankrupts, a property spruiker and a disgraced businessman. The Research and Development (R&D) Tax Incentive program is the government’s largest industry innovation package, providing about $3 billion in tax offsets to businesses each year.…
This is the face of a Millennial crime wave: there’s the party guy, there’s the bovver boy and then there’s Mr Invisible, the guy who leaves no tracks. The Plutus Payroll scam, one of the largest alleged tax frauds in Australian history, was run by a handful of 20- to 30-year-olds, Gen Y stereotypes with…
Boris Becker and Stefan Edberg was a rivalry that lit up the tennis world In three consecutive finals they both fought for the greatest prize in the game But despite being set for life, Becker was recently declared bankrupt Edberg, however, has been busy building a second fortune since retiring By Jonathan McEvoy for the…
Jo De Rosa, 45, lives in £1.5m property in Hertfordshire with 18 bedrooms In 2009 was declared bankrupt after franchise deal went wrong Made vision board of dream home and told herself she’d one day live there Now she runs successful yoga retreat with her husband Dom By Nilufer Atik For Mailonline Published: 17:22…
Tennis – German tennis legend Boris Becker has said that he is not insolvent, although a British court has declared him to be bankrupt for failing to pay back a debt dating back to 2015. According to the German media outlet Suddeutsche Zeitung, Becker says that the only reason he has not paid back the…
NEW DELHI: Bankruptcy proceedings could soon be initiated against a dozen more companies, in addition to the 12 firms that are already undergoing insolvency proceedings. A final decision will be taken by the Internal Advisory Committee (IAC) of the Reserve Bank of India. The companies that the IAC will consider include Jai Balaji Industries, Nagarjuna…
MUMBAI/KOLKATA: Resolution professionals, a key constituent of bankruptcy proceedings under Indias new law, are caught between term loan lenders who want sick companies to be liquidated and working capital lenders who favour restructuring the company, four people dealing with resolution of sick companies told ET. The trouble might be that the law does not make…
By Eve Buckland For Mailonline Published: 03:08 +10:00, 2 July 2017 | Updated: 03:41 +10:00, 2 July 2017 e-mail 2 View comments She’s had a rough few weeks after her tennis superstar husband was declared bankrupt. And a casually clad Lilly Becker, 41, looked pensive as she left an alfresco lunch in Ibiza before heading…
NET LOSS Former ace, 49, not having much luck at the moment BORIS Becker has a parking ticket slapped on his sports car just days after it was towed away. The penalty was visible on the windscreen of his £65,000 blue Maserati as the tennis ace, who was declared bankrupt last week, visited a London private…
The former Wimbledon champion amassed tens of millions in his tennis career He was recently declared bankrupt after failing to repay a £3million bank loan Becker, 49, wore a red, black and white Puma training top and cap to the gym Earlier this week, two of Becker’s sports cars were slapped with parking fines By…