News

Equitable investors facing a shortfall: receivers

Thursday 18th of August 2011

Receivers Grant Graham and Brendon Gibson of KordaMentha says in their second statutory report Equitable had $188.4 million in loans outstanding when it went into receivership on November 29 last year.

"It will not be possible to recover the full amount outstanding but the receivers are yet to confirm what portion can be collected," they say.

Equitable had about 6,000 depositors w...

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