Director faces investigations following Mundella collapse
The collapse of a well-known WA dairy processor and associated companies has left unsecured creditors empty-handed. Now liquidators are set to investigate possible insolvent trading and hundreds of potentially "unreasonable transactions" by the director.
Milk suppliers and employees have been left without payment following the collapse of WA dairy brand Mundella and associated companies. Director Hayden Russell is facing investigations by liquidators from Mackay Goodwin following administrators' preliminary suggestions of insolvent trading and hundreds of potentially unreasonable transactions.
Dairy farmer and Mundella Foods milk supplier Phil Hall, who was owed enough money to buy a house, expressed his disappointment and uncertainty about receiving any compensation from the liquidation.
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