Accountants asked to ‘please explain’ over Du Val

The situation is very different to what Herbert Morton portrays, statutory manager John Fisk says.

Wed, 25 Sep 2024

Chartered accountants Herbert Morton will be asked to ‘please explain’ following their claim that parts of failed property group Du Val are solvent, statutory manager PwC says.The Government placed seventy Du Val entities into statutory management last month. The group is estimated to owe $250 million.Minority shareholders in Du Val Property Group (DVPG) have appealed to Commerce Minister Andrew Bayly to take it out of the regime, alleging the situation regarding that business has been misrepresented.They backed up their claims with...

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