FE Investments receiver dobs in potential breaches to regulators

Financing commercial property developments isn't for the faint-hearted. (DepositPhotos)

Fri, 02 Jun 2023

The receiver of failed financier FE Investments has reported to regulators on what it thinks might be breaches of directors’ duties or legal obligations. Calibre Partners’ Neale Jackson and Brendon Gibson were appointed receivers of FE Investments in April 2020 after the lender failed to recapitalise itself and defaulted under its trust deed, owing 1,234 depositors $54.6 million.Over the past three years, the receivers have repaid almost $13.8m to investors in six distributions as they worked their way through the $73.1m loan b...

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