RAJEEV KUMAR: Mortgage broker, financial advisor, accountant - so he knew everything. That's the money sitting here, there's no money sitting here. That’s the loan we have, mortgage we have.YOGITA PATEL: One of my friend, they told me if you are looking for the house and everything, this person is good for the mortgage advice.
EMILY BAKER: Yogita worked hard to save for her family home. In 2013, she turned to Kris Agrawal for help. EMILY BAKER: Mirzan Mansoor has been appointed external administrator of five of the companies associated with Kris and his wife Shashi, accounting for $38 million of the missing money. It brings the couple’s total debts to more than $80 million - administrators are trying to work out what can be clawed back, and how.
EMILY BAKER: The corporate watchdog ASIC is investigating possible breaches of corporations law and confirmed the Agrawal's companies are of interest to the agency.
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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.
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Collapse of investment scheme leaves families $60 million out of pocketTrusted and independent source of local, national and world news. In-depth analysis, business, sport, weather and more.
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The collapse of an $80 million property investment schemeFor 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.
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