Ann: Appointment of Voluntary Administrators, page-7

yep they cleaned out the accounts within 1 month of taking over. LVT had 3.6m in accounts at end of december qtr and by 7th february they had $21k left in the bank. Not sure if they moved it to another account to allow lvt to continue to function as normal and they use the funds to pay wages or if they took the money for themselves.
I did hear that they took $2m in commissions in first month. How can that be? Is that even legal? Surely they need to show some proof for such an expense.