 |
| HLB Mann Judd's Andrew Needham |
Since December 2014 Needham and Taylor have received $499,647.50 in AAF monies to fund their investigations into BTT's controversial restructure, which took place prior to their appointment by creditors voluntary liquidation on July 11, 2014.
Half a million in AAF monies is of course well shy of the $730,000 extracted from ASIC by Storm Financial liquidators Ivor Worrell and Raj Khatri, who hold top spot on the AAF list. But in the life cycle - or death spiral - of BTT, potential remains for Needham and Taylor to apply for more.
Meanwhile Needham and Taylor are closing in on the other front runners. In second place is Deloittes' David Lombe, John Greig and Richard Hughes, whose handling of the fraud-riddled Kleenmaid liquidation required more than $600,000 in AAF grants. Not far behind is PwC, which wrangled $560,000 to assist with the byzantine Westpoint Group liquidation.
When contacted Needham was quick to point out that the single largest sum to come out of his AAF grants to date is $200k paid to lawyers Henry Davis York and barrister Peter Kulevski, who conducted the public examinations of BTT's directors and others. (See: Bruck scrutiny attracts funds from ASIC and FEG)
Meanwhile Needham and Taylor are closing in on the other front runners. In second place is Deloittes' David Lombe, John Greig and Richard Hughes, whose handling of the fraud-riddled Kleenmaid liquidation required more than $600,000 in AAF grants. Not far behind is PwC, which wrangled $560,000 to assist with the byzantine Westpoint Group liquidation.
 |
| Needham and Taylor's most recent grant |
When contacted Needham was quick to point out that the single largest sum to come out of his AAF grants to date is $200k paid to lawyers Henry Davis York and barrister Peter Kulevski, who conducted the public examinations of BTT's directors and others. (See: Bruck scrutiny attracts funds from ASIC and FEG)