The news that Ralan managing director William O’Dwyer pleaded guilty to fraud marks the beginning of the end of one of the biggest legal cases in recent Australian property history.
Ralan’s ‘Ponzi-style’ funding tactics left carnage in their wake.
When administrators from Grant Thornton were called in during July 2019, $561 million was owed to creditors—and they found that the group had been trading insolvent since at least 2014.
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