Lion Property Group collapse: liquidators uncover $25m shifted to director-linked entities

Liquidators at KPMG allege that more than $25 million was transferred from Lion Property Group to director-linked entities before its collapse owing about $122.5 million to roughly 600 investors, with findings of related-party transfers, potential voidable and uncommercial transactions, and fund co-mingling now under assessment by ASIC and Victoria Police.

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