Sorry to butt in after so long Researcher but PIF investors are in exile once again and hungry for news!!!
Full article in link below
http://news.smh.com.au/breaking-news-business/octaviar-transactions-improper-court-20100428-ts9g.html
Octaviar transactions 'improper': court JORDAN CHONG
April 28, 2010 - 7:14PM
Millions of dollars worth of transactions made in late November 2007 at the failed Octaviar Ltd may have been conducted without proper processes being followed, a court has heard.
Details of the transactions were raised in the NSW Supreme Court on Wednesday by lawyers for liquidator Kate Barnet from Bentleys Corporate Recovery, which is trying to determine when Octaviar became insolvent.
Former company secretary Kim Kercher told the court she first discovered there may have been some issues with the related-party deals, which all took place in late November 2007, during a conversation with former chief executive Guy Hutchings.
OCV
octaviar limited
octaviar court hearing today
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