Receivers appointed to Opes Prime
Receivers and voluntary administrators have been appointed to financial services group Opes Prime.
Major accountancy group Deloitte confirmed today that the voluntary administrators had been appointed by a secured creditor, ANZ, as receivers and managers of Opes Prime Group Limited, Opes Prime Stockbroking Limited, Leveraged Capital Pty Ltd and Hawskswood Investments Pty Ltd.
It said the directors appointed John Lindholm of Ferrier Hodgson as voluntary administrator when they became aware of a number of cash and stock movement irregularities in relation to a small number of accounts.
The statement said the shortfalls in these accounts led directors to believe the trading operations could not continue. These matters continue to be subject to receiver’s investigations.
The announcement said trading operations had stopped and that the receivers had taken steps in conjunction with the Australian Securities Exchange to suspend on-market trading activity of both Opes Prime Stockbroking and Leveraged Capital.
In addition, the receivers have frozen all client accounts, including direct trading facilities, for both Opes Prime Stockbroking and Leveraged Capital.
AUTHOR
Mike Taylor
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