A national security company that held contracts with AFL clubs, retailers, government agencies and universities has collapsed into administration after a string of scandals, placing 1700 jobs at risk two days before Christmas.
Administrators were appointed after Melbourne-headquartered MA Services Group fell into voluntary administration on Tuesday.
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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A major and ongoing investigation into MA by this masthead over the past two months has exposed many of these issues and revealed how the firm has faced sustained scrutiny from authorities and liquidators. Ahuja has also been accused of being a serial sex harasser.
Despite the problems, MA won lucrative contracts with blue-chip companies including Coles; government agencies such as the Australian Criminal Intelligence Commission; several AFL clubs and major sporting events; elite schools and universities; and state government infrastructure projects in NSW and Victoria.
The Keilor Park headquarters.Credit: Penny Stephens
“Many of these clients didn’t care about the suspicion MA was built on a rotten model that rips off workers and the…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
A major and ongoing investigation into MA by this masthead over the past two months has exposed many of these issues and revealed how the firm has faced sustained scrutiny from authorities and liquidators. Ahuja has also been accused of being a serial sex harasser.
Despite the problems, MA won lucrative contracts with blue-chip companies including Coles; government agencies such as the Australian Criminal Intelligence Commission; several AFL clubs and major sporting events; elite schools and universities; and state government infrastructure projects in NSW and Victoria.
Credit: Instagram
“Many of these clients didn’t care about the suspicion MA was built on a rotten model that rips off workers and the ATO,” a veteran security source…
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In a major setback for the Anil Ambani-led ADAG group, Reliance Infrastructure has been admitted into the Insolvency Resolution Process (IRP) under the Insolvency and Bankruptcy Code (IBC). Following this development, stock exchanges have placed the company’s shares under Additional Surveillance Measures (ASM), significantly restricting trading activity. As per exchange guidelines, Reliance Infrastructure shares will now trade only once a week, on Mondays. Only selling will be permitted, while fresh buying has been prohibited on trading platforms such as Zerodha. The move is aimed at curbing speculative activity and protecting retail investors amid heightened volatility surrounding the stock.
Brokerage communication to investors…
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KOCHI: Padmanabhan T N still remembers when he booked his apartment in Kochi. It was 2014, and like thousands of non-resident Indians (NRIs), he dreamed of eventually settling down back home. Working in Dubai and Muscat at the time, he invested a big chunk of his life savings in an apartment at Riva, a project of Nucleus Premium Properties Pvt Ltd in Edappally.
What followed was an 11-year ordeal marked by uncertainty, courtroom battles, and the constant fear that the money — and the dream — was lost forever. “We thought we would be left with nothing,” Padmanabhan says. “At one stage, liquidation looked inevitable. If that had happened, the investors would have got nothing at all.”
Padmanabhan was among the more than 200 home…
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Up to 1,700 Aussie workers risk losing their jobs just two days before Christmas after a major security company entered voluntary administration this week.
It was revealed on Tuesday that MA Services Group, which operates across Australia, had collapsed.
Alvarez & Marsal administrators Jason Tracy and Glen Kanevsky said there had been ‘breaches’ of key licensing conditions.
This means the company is unable to lawfully continue certain core…
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Trump’s Education Department completed an update to income-based repayment plans.
It removed the partial financial hardship requirement, expanding eligibility to borrowers with higher incomes.
It’s part of the department’s overhaul of student-loan repayment that Trump signed into law.
An affordable student-loan repayment plan is now available to more borrowers.
On December 22, President Donald Trump’s Department of Education said that it had completed a key update to income-based repayment plans, removing the requirement to be in partial financial hardship to enroll.
Trump’s…
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Bondi shooting: Sussan Ley steadfast on Penny Wong lashing over government’s response AFR
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Up to 1,700 Aussie workers risk losing their jobs just two days before Christmas after a major security company entered voluntary administration this week.
It was revealed on Tuesday that MA Services Group, which operates across Australia, had collapsed.
Alvarez & Marsal administrators Jason Tracy and Glen Kanevsky said there had been ‘breaches’ of key licensing conditions.
This means the company is unable to lawfully continue certain core…
