Austrans is not the first business associated with O’Shea that has collapsed.Credit: Instagram
O’Shea, who took over the 37-year-old business from his father, said it had been sabotaged by a rival transport company, which he accused of illegally suspending its services to derail Austrans and its holding company, Vermile Pty Ltd.
“I categorically deny all the allegations in the liquidator’s report. The report is vague, outdated and contains inaccuracies concerning the inflated debt of $116 million which has been substantially exaggerated due to excited creditors adding a decimal point here, and a few extra zeros there,” O’Shea said.
“When the time comes for Cor Cordis to substantiate the debt of $116 million, I’ll be happy…
