Saraceni lodges writ to oust receivers
Embattled property developer Luke Saraceni has filed a writ in the Supreme Court to have KordaMentha removed as receivers for troubled $500 million office development Raine Square.
The writ questions the validity of the appointment of KordaMentha as receivers and managers of Westgem Investments by the project financiers, Bankwest and Bank of Scotland International.
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