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OCP Asia’s tunnelling company Bothar hits the skids, FTI called in

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Insolvency firm FTI Consulting has taken control of tunnelling services business The Bothar Group, and will quickly try to get on top of its fledgling financial situation.

FTI’s Chris Hill, Vaughan Strawbridge and Ben Campbell were appointed as receivers and managers on Tuesday morning, following the earlier appointment of voluntary administrators.Jamila Toderas

Bothar’s shareholders include founders and management, and Qatari engineering and construction company, Petroserv.and has been unable to find a home on the ASX boards since.

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