Collapse of investment scheme leaves families $60 million out of pocket

  • 📰 abc730
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Trusted and independent source of local, national and world news. In-depth analysis, business, sport, weather and more.

For more than a decade, Kris Agrawal built a reputation as a reliable businessman in the suburbs of western Sydney. He drew on the trust of his clients, and his strong community connections, to grow his construction company and investment schemes.

But the shocking collapse of his empire has left more than 150 mum and dad investors reeling and a trail of debt totalling more than $60 million, as Emily Baker and Raveen Hunjan report.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Husband and wife investment scheme leaves $80 million debt trailFor more than a decade, Kris Agrawal built a reputation as a reliable businessman. But the shocking collapse of his empire has left more than 150 mum and dad investors almost $60 million out of pocket.
Source: abcnews - 🏆 5. / 83 Read more »