“[Mr Dixon] commented on the sites visited by the administrator’s staff,” meeting minutes lodged to the corporate watchdog say. “Cash collected from safes located at each shop and confirmed that, as of the meeting date, the company’s total cash position amounted to approximately $581,523.08.”
Chang Jiang had bank accounts with ANZ and Bendigo and Adelaide Bank.
While Mr Dixon did not identify any more, one creditor called Eternity Tiles and Keen Tiling Services said it also had accounts with payments providers Cuscal and Zai Australia that may contain customer funds.
Police holding financial records
Creditor Ye Zhou “advised that customer funds had been transferred to Chinese bank accounts”, and Mr Dixon said he would attempt to contact foreign entities “once more information is available”.
ANZ said it took its compliance obligations seriously.
“ANZ works closely with AUSTRAC, the broader industry and law enforcement agencies, including the AFP, to detect, prevent and disrupt serious financial crimes,” a spokeswoman said.
Bendigo and Adelaide Bank said its anti-money laundering policies “ensure compliance, and support and protect [the bank’s] customers and communities from the impact of financial crime”.
Mr Dixon, however, said he did not have access to all the company’s books and records.
“Notably, the company’s MYOB file is currently not available due to the file being deactivated in response to the company’s inactivity,” the minutes said.
“[Mr Dixon] noted that the majority of the company’s books and records were currently in the possession of the AFP, and that the administrators have made contact with the AFP to arrange a meeting to discuss the potential release of the company’s books and records.”
Only six creditors were present at the initial meeting, and all dialled in by telephone. They claimed, collectively, the company owed them $6.3 million.
