extract from The Australian... ASIC is yet to confirm the action...

extract from The Australian...

ASIC is yet to confirm the action but The Weekend Australian understands it will make a formal announcement on Monday.
It relates to the liquidation of several Bolton-related companies, in particular the nine PR Finance Group companies acquired by Bolton shortly before going into administration.

“Keybridge understands that the disqualification order followed from the liquidation of two groups of corporations of which Mr Bolton was an officer: a private group of four corporations and the nine PR Finance Group of corporations which were acquired by Keybridge in 2013,” Keybridge said in a statement.

“Mr Bolton was a director of the nine PR Finance group companies for a period of two months prior to appointing a voluntary administrator in 2013.”

http://www.theaustralian.com.au/bus...r/news-story/3c81be36fd38a40c3dfef6b77cb99dba

and maybe this give some further insight....

http://www.herbertsmithfreehills.co...t-out-scheme-stopped-for-deficient-disclosure