Probuild collapse: administrators investigate $50m transferred to civil construction division
by Ben Butler from World news | The Guardian on (#5WX67)
Documents show Probuild's WBHO Infrastructure borrowed $48.7m from other parts of the group last year as it struggled to survive
Administrators of the collapsed Probuild building empire say they will investigate a transaction last year in which almost $50m was transferred from other parts of the business to the group's struggling civil construction division.
Company documents show Probuild's civil construction company, WBHO Infrastructure, borrowed $48.7m from other parts of the group last year as it struggled to survive massive losses caused by one of its key projects, the western roads upgrade in Melbourne.
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