Australia Mogul Accuses Banks of Conspiracy
- Share via
SYDNEY, Australia — Alan Bond, caught in a morass of legal action that threatens his corporate survival, struck back today at the banks that have brought his flagship company to the brink of collapse.
Bond Corp. Holdings Ltd. filed a writ alleging that National Australia Bank Ltd. and other banks in a syndicate of lenders had willfully conspired to injure Bond’s Australian breweries.
Last week the syndicate gained court approval to appoint receiver-managers to the breweries, an appointment being contested by Bond in a battle in the Victorian Supreme Court that has been adjourned until Friday.
Bond Corp.’s writ seeks damages from the syndicate, although it does not name a figure.
The breweries owe the syndicate more than $700 million ($545 million U.S.)
More From the Los Angeles Times
Podcasts
In this episode, we bring you the update on how an Altadena resident and her neighborhood are coming along, plus a re-run of the two-part series we did on the Poppyfields people back in June.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
