Investment scheme leaves families $60 million out of pocket

A complex structure of companies linked to Sydney-based financial adviser Kris Agrawal and his wife Sashi were placed into voluntary administration in August.

A complex structure of companies linked to Sydney-based financial adviser Kris Agrawal and his wife Sashi were placed into voluntary administration in August.

Cathro & Partners, which is acting for three of those companies now in liquidation, identified an additional $44.4 million in debts owed to creditors, bringing the total debts owed by the Agrawals to over $80 million.

ABC’s 730 Report covered the story:

https://www.abc.net.au/news/2023-09-11/investment-scheme-kris-agrawal-collapse-families-60-million-730/102821010?utm_campaign=newsweb-article-new-share-null&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web

Recent Articles

In the latest episode of The Cut, Simon Cathro plunges into the intricate world of insolvency law, discussing its multifaceted challenges and opportunities. With us on this episode is Emily Barrett, a partner in the restructuring and insolvency team at Johnson Winter Slattery. Emily’s deep understanding of the industry and

The biggest inclusion in the Federal Government’s 2024 Budget from an insolvency practitioner’s perspective was that recoveries to repay outstanding superannuation is now a consideration when the FEG recovery program is looking to fund liquidators’ recovery actions. The Fair Entitlements Guarantee (“FEG”) Scheme, administered by the Department of Education and

In the latest episode of The Cut, Simon Cathro delves into the intricacies of Deeds of Company Arrangement (DOCA) with guest Sam Dundas, a partner at King & Wood Mallesons. Together, they discuss the complexities of insolvency law, with a particular focus on DOCAs. Sam shares insights from his extensive