"This is going to a Nightmare for Mike Smith ceo of ANZ
Further his fingerprints are all over the appointment of Recievers..a grave mistake at many levels"
Ant, this is not a grave mistake at all and shows you probably have little understanding of how insolvency law works (at least you don't seem to understand the role of the receiver). The receiver is appointed by the secured creditor (in this case ANZ) to manage and realise the secured assets in order to pay off the debts owing to the secured creditor, so of course Mike Smith's fingerprints are going to be all over their appointment as the receiver is appointed by and acting for ANZ.
disclosure, page-20
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