Gość: Prymus
IP: *.mel.iprimus.net.au
13.12.04, 13:17
No, jeszcze nie cala, ale byly prezydent rzadzacej obecnie partii
liberalnej, widziany jeszcze kilka lat temu jako przyszly
premier federalny, czolowy biznesmen, multimilioner, ktory
podobno wiedzial jak uratowac gospodarke australijska i
wyciagnac ja z pulapki kredytowej, czyli innymi slowy Mr.
John Elliott!
www.theage.com.au/news/National/Elliott-fends-off-bankruptcy-moves/2004/12/13/1102787006701.html
Elliott fends off bankruptcy moves
THE AGE (Melbourne) December 13, 2004 - 5:03PM
Former high-flying businessman John Elliott is to make an offer to his
creditors in his fight to avoid bankruptcy.
Mr Elliott was prepared to divide up his assets which included property, the
Federal Magistrates' Court was told today.
Garry Bigmore, QC, the barrister for the 62-year-old former federal Liberal
Party president, said proposals for a settlement were being worked on.
Documents would be submitted to the court tomorrow and an adjournment sought
to allow the parties to study the proposals.
The case will again go before Registrar Robert Bardsley tomorrow morning and
is expected to be adjourned until the new year.
Outside court, the barrister for the administrator of Mr Elliott's former
firm Water Wheel Holdings, Robin Brett, QC, said it was up to creditors to
accept or reject the offer.
Today's proceedings mark the latest chapter in Mr Elliott's effort to fend
off bankruptcy.
In September, the Full Federal Court refused to set aside Mr Elliott's
bankruptcy proceedings.
In June 2003, he was ordered to pay a share of $1.4 million compensation to
the creditors of flour and rice company Water Wheel Holdings.
The compensation order was made by Supreme Court judge Justice Phillip
Mandie, who found Mr Elliott had breached corporations law by allowing Water
Wheel Holdings to trade while insolvent between September 1999 and February
2000.
Mr Elliott did not attend today's hearing.
In the mid-1980s, Mr Elliott was one of Australia's most powerful business
leaders, at the helm of Elders IXL, then one of Australia's biggest companies.
At his peak, he was reputedly worth $80 million.
He used the additional platforms of the presidencies of the Carlton Football
Club and the federal Liberal Party to build a national profile.
But it began to turn sour in 1990 when the National Crime Authority (NCA)
began investigating a management buy-out of Elders.
An 11-year legal battle with the NCA ended in 2001 with Mr Elliott being
ordered to pay court costs of more than $5 million.
Water Wheel Holdings collapsed in February 2000 after posting a $6.7 million
loss.
In November that year, The Australian Securities and Investments Commission
began civil penalty proceedings in the Supreme Court of Victoria against Mr
Elliott and two other directors for allowing the company to continue trading
when it could no longer pay debts.
Last year, Justice Mandie banned Mr Elliott from holding a business
directorship for four years, fined him $15,000 and ordered he pay a share in
more than $1.4 million in compensation.
Mr Elliott has filed a High Court action to overturn Justice Mandie's
decision.
Earlier today, Water Wheel's administrator Stephen Longley, of
PricewaterhouseCoopers, said the constant legal battles with Mr Elliott were
frustrating.
"He's very good at adjourning matters and deferring matters. But you come to
expect that, he's experienced in the ways of the court and playing for time,"
Mr Longley told ABC radio. AAP
