Receivers are hoping to recoup almost $10m owed to NAB through the sale of the Cheeky Farms aggregation of mango plantations.
One of the country’s biggest mango farming operations has been listed for sale by receivers as they look to recoup monies owed to secured lender, National Australia Bank.
The orchards are planted with about 37,000 mango trees producing predominantly Kensington Pride and R2E2 mango varieties.Included in the offering are significant water licences totalling 2319 megalitres a year, a massive 5065sq m packing and grading shed and about 280sq m of cool rooms. that their fruit stall at Sydney’s Flemington Markets falsified invoices to secure moe than $15 million in financing from 2011 to 2020.The Musumecis deny any wrongdoing and have claimed Westpac acted “unreasonably” when it appointed receivers to the fruit stand company Sentox, which operated as Fresh Xpress, in December 2020.
In January, this year, PCI Partners liquidator Stephen Michell threatened to refer Ms Musumeci to the Australian Securities and Investments Commission for not complying with his requests for information. Lawyers for Ms Musumeci say she has since complied with the liquidators request.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AFL coach turns on journos in icy presserThis was Ross Lyon at his quirky, cheeky, quietly combative and almost frustrating best.
Read more »
Mercury to rise for ‘cheeky’ long weekendHoliday makers looking to make the most of Anzac Day weekend are in for a treat, with the mercury tipped to rise across the country.
Read more »
Superstar’s cheeky exchange with KD amid bold playoffs statement; contenders get feisty: NBA WrapNBA: The New Orleans Pelicans have locked in their NBA Playoffs spot, with a seven point win over Sacramento.
Read more »
Roc Partners' Acquisition of Pace Farms Wins Asia Pacific Deal of the YearRoc Partners' acquisition of Australia's second-largest egg supplier Pace Farms has been awarded the prestigious Asia Pacific deal of the year title at the Agri Investor awards. The acquisition was made in August 2023 for $350 million from Roc's Premium Food Fund, alongside co-investors. This recognition highlights Roc's contributions to the agricultural sector and its deal-making skills.
Read more »
Actress friend of Meghan Markle takes cheeky dig at Prince HarryAmerican actress and comedian Mindy Kaling has shared a snap with Prince Harry after the pair both spoke at an event shedding light on the effects of burnout in today’s world.
Read more »
Electricians and backpackers sound alarm about unsafe conditions on solar farmsWorkers say they are being exposed to dangerous conditions on solar farms, including working near live cables in wet weather or being put at risk of electrocution.
Read more »