So the liquidators say Soar was insolvent a year before it closed down? Yet the directors haven't committed any offences?
Isn't trading while insolvent an offence? The Covid releif from this didn't kick in until March 2020.
KPMG believes Soar Aviation was insolvent a year before administration (australianaviation.com.au)
Article says NK resigned in early 2019 but it was reported in AFR the he resigned in March 2020. Five months after bragging he was worth $66 million.
The video on their facebook page of McCormack saying "I'm inspired by Neel Khokami, Neel's doing a fantastic job... that's what this government is all about" makes me think there needs to be a very, very thorough investigation of this whole stinking mess. (Link to the video on their facebook page)
Will any lessons be learned or will people who "inspire" politicians still be able to rob the taxpayers and students of so much through the VET loans rort?