Unguaranteed Viaduct investors likely to get 10-15c in the dollar

Wed, 10 Aug 2016

By Fiona Rotherham Aug. 10 (BusinessDesk) - Investors in failed finance company Viaduct Capital who weren’t covered by the Crown's retail deposit guarantee scheme are likely to get back around 10 to 15 cents in the dollar, says receiver McDonald Vague in its latest report. Viaduct Capital was tipped into receivership in May 2010 by its trustee Prince and Partners, leaving around 110 depositors owed $7.8 million. Charges brought by the Financial Markets Authority against five men associated with Viaduct and Mutual Finance are currently...

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