Friday, 27 April 2012

Hillsong hopes rest with the good Doctor

Affinity Capital creditor Dr Leslie Indrasith.
Photo: SiN Images.
THREE former directors of Affinity Capital Pty Ltd yesterday submitted to questioning as part of an ongoing public examination into the firm's spectacular collapse. (See: Hillsong stung by Affinity fallout )

Dr Leslie Indrasith (pictured) invested $400,000 with Affinity Capital Pty Ltd in May, 2008 after meeting Affinity director Daniel Ku at the Hillsong church in Castle Hill.

Affinity Capital was the financing and trading entity of the Affinity Capital Group, which comprised multiple related companies.

Dr Indrasith asked for his money back in June 2008. Affinity's directors declined to comply. 

On October 10, 2008 most of the Affinity Capital Group companies were placed in voluntary administration. 

Two companies – Affinity Alliance Fund and Acuity Property Fund – were placed into liquidation. 

Sunday, 22 April 2012

Liquidator has no taste for Colefax on Ramsay road

The Ramsay Street outlet in March 2012.
Photo: SiN Images

STEVE Nicols of Nicols + Brien might have been appointed liquidator of Colefax Chocolates Pty Ltd in late 2011 but the chocolate emporium's retail outlet on Ramsay Street Haberfield has traded on seemingly unaffected.

Colefax's owners Peter and Lisa Lee declined to comment when Nicols was appointed. Nicols was equally shy when contacted.

However an anonymous emailer later advised SiN that the “liquidated company has nothing to do with the retail operations of Colefax Chocolates located at 78 Ramsay Street Haberfield”.