Business Services Industry
ATO battles for frozen $1.6m.
Australasian Business Intelligence, July, 2007
Byline: Susannah Moran
Jul 16, 2007 (The Australian - ABIX via COMTEX) -- British company, Pall Mall Finance, is attempting to secure some of the funds confiscated under "Project Wickenby". In the week ended 13 July 2007, the Australian Taxation Office succeeded in having the proceeds of a house sale, totalling $A1.6 million, frozen. That asset belonged to Novogen founder, Graham Kelly. However, Pall Mall Finance has laid claim to the funds, informing the Federal Court of Australia that Kelly owes the firm $A2.3 million and that it holds a mortgage over the property in question.
Publication Date: 16 July 2007
AUSTRALIAN TAXATION OFFICE
NOVOGEN LIMITED - ASX NRT
FEDERAL COURT OF AUSTRALIA
PALL MALL FINANCE
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