OK , I give in , Pilfered, Bled Dry and siphoned were not the words used by the Administrator. But I think they were the words he WANTED to use !
The report is in wide circulation - every creditor got one - that’s about 50 companies. Get a copy and make your own mind up. Its black and white that money was leaving the company on a weekly basis ( nearly $17,000 every week sent to the Singapore company plus other lump sums of $50k here and there) so much so that the administrator felt it necessary to point this out in detail ,and then go on to say that it required further investigation. It was accounted for as "management fees" . This being on top of a $250,000 salary.
I unreservedly apologise if there is a legit reason for this money going out the door like this , but I suspect that if there was , then the Administrator would have been satisfied with the answers and would not have needed to bring it to everyone’s attention. As I have here in this forum .
Sleepless nights - nah , not me.