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Forestry veteran Bob Bunning was one of the founders of sandalwood producer Santanol. Photo: Attila Csaszar

Santanol imbroglio rivals Quintis saga

A dispute over Indian sandalwood producer Santanol Group has pitted 21 Western Australian investors, led by forestry veterans Bob Bunning and Tony Jack, against private equity giant KKR and its local representatives, including Jock Clough and incoming Wesfarmers executive Ed Bostock.

At stake is control of an established sandalwood producer with 2,100 hectares of plantations, mostly near Kununurra in northern WA.

This dispute has many unusual aspects, not least of which is that insolvency firm McGrathNicol is hoping to sell an equity interest in Santanol Group, although it can’t say how much.

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