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From rundown units to luxury estates: The Bathla family wealth trail

World 1 source 1 country 🔦 Under-reported 25m ago

The Bathla family has faced scrutiny regarding the accumulation of a luxury property portfolio while the associated Bathla development group struggled with significant financial liabilities. Reports indicate that while the company faced mounting debts, members of the family behind the entity acquired high-value real estate assets.

The situation highlights a disparity between the financial health of the corporate development entity and the personal wealth of its principals. This investigation into the family's wealth trail underscores concerns regarding the management of resources during periods of corporate insolvency.

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Read the full story at the source ABC News (AU) · AU
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