COURT FINDS MFS EXECUTIVES MISAPPROPRIATED $143M
Written on the 24 May 2016 by Nick Nichols
THE Supreme Court of Queensland has found five former executives of failed Gold Coast financial services group MFS Group misappropriated $143.5 million in funds just months ahead of the company's spectacular collapse in 2008.
The trial was first heard in 2013 and again in 2014 in a protracted civil case that has led to a 343-page judgment finally handed down this week by Justice James Douglas.
Author: Nick Nichols