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ACCC Chairman could lose fortune

ACCC chairman Graeme Samuel stands to lose most of his $50m fortune, invested in a blind trust, should Melbourne's DFO chain collapse.

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Source: AAP


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ACCC chairman Graeme Samuel stands to lose most of his $50m fortune invested in a blind trust should Melbourne's DFO chain collapse.

The debt-riddled South Wharf Direct Factory Outlets complex could be placed in receivership as early as today.

News Limited says it's under threat with a crippling $500m debt.

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Austexx, the group which operates eight DFOs along Australia's east coast, is understood to have total debts of $1.2bn.


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