Investors in the collapsed developments of self-styled property mogul Sasha Hopkins have had a legal win, with a court ordering a partial repayment from a key player in four of the collapsed entities related to Hopkins’ failed ventures.
Mr Shaw, a 47-year-old Melbourne-based businessman, is a different Greg Shaw than the chief executive of property developer Mulpha. Hamilton Murphy took charge of the legal action against Mr Shaw and related entities following the collapse of Hunter Capital Investments in December 2020. Mr Hopkins initially launched court proceedings in April 2020 prior to the collapse of his entities. In a deed of settlement signed in April 2021, Mr Shaw and seven related entities agreed to pay nearly $9.6 million to Hunter Capital entities in eight progressively larger payments.
”Should Mr Shaw and the defendant entities fail to rectify the default or fail to propose a satisfactory alternative strategy to meet the obligations pursuant to the Deed of Settlement within a realistic time frame we will be left with no option but to consider enforcement of the security and other rights pursuant to the deed of settlement,” the report said.
“The contract of sale for the property at 7-9 Robinson Street, Prahran, Victoria was terminated by the vendor for breach by the first defendant, resulting in the first Defendant losing its rights to complete the purchase of the Prahran Development site,” the claim alleges. In an email to prospective investors on December 12, 2018, an A Team employee touted the “Prahran Development Opportunity” and said: “The A Team Property Group invites you to invest into our latest and exciting project. The site has been purchased off renowned developer and BRW rich lister Tim Gurner and is a mixed-use Retail + Residential permit approved development site.“can reveal another legal action taken against Mr Shaw by Ivan and Maria Anzanello, as trustees of the Anzanello Super Fund.
Grubs like this need jail time