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The fall of the Grocon empire
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The fall of the Grocon empire
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The fall of the Grocon empire
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The fall of the Grocon empire
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Grocon loans to Daniel Grollo top $90m
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A new document filed with the corporate watchdog reveals fallen construction and development giant Grocon has more than $90 million of loans outstanding to executive chairman Daniel Grollo and his wife Katherina and entities he ultimately controls.
The latest filings with the Australian Securities and Investments Commission include a $63 million loan to Mr Grollo and his wife Katherina from a Grocon entity in administration. Combined with other loans made to Mr Grollo or to entities he ultimately owns, over $90 million has been lent to the property scion from entities in administration.
Grocon chief executive Daniel Grollo and wife Katherina.