Clegg & Co Finance final receivers report confirms investors got back 58.7 cents in the dollar

Mon, 28 Dec 2015

By Jonathan Underhill Dec. 29 (BusinessDesk) - Investors in Clegg & Co Finance and related entities, whose former director Brian Clegg was sentenced to home detention in 2009, got back 58.7 cents in the dollar, according to the failed group's final receivers report. Clegg & Co Finance, the holding company of Clegg & Co Leasing and Clegg & Co Capital, was put into receivership in October 2007 by Covenant Trustee Co after breaching rules on related party lending and net assets. Brian Clegg was sentenced to 12 months home detention in Dec...

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