Listed real estate business McGrath (ASX: MEA) says it has “further information” and is seeking “urgent clarification” from founder John McGrath over media reports he has $16.2 million in gambling debts.
McGrath shares were placed in a trading halt on Thursday as outgoing CEO Cameron Judson said further updates would be contingent on John McGrath providing further information on the allegations.
During an investor call following the release of the company’s half year results which revealed a $25.5 million loss, Judson indicated he would soon reveal key information surrounding the gambling debt claims.
“The company has become privy to further information, which I can’t comment on, and is seeking urgent cla…
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