Amee
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Mr Fuller said Baden-Clay’s business dreams “hadn’t come to pass”.
He said the accused’s friends invested $90,000 each into the business and the loans were unsecured, while interest was largely unpaid.
“Hardly the hallmarks of due diligence and financial acumen,” he said.
Mr Fuller said Baden-Clay paid out his partners just $1 each for their share in the sales side of the real estate business.
He said that by the end of 2011, Baden-Clay wanted ownership of the rent roll and he needed to raise $300,000.
He said the jury might think an ambitious contract was entered in November, 2011, to be finalised by December that same year, but it did not come to pass.
Mr Fuller said the accused turned to Moggill MP Bruce Flegg and Century 21 founder Charles Tarby for the money.
He said the contract was amended so that he only had to pay $30,000, plus interest instalments, with the rest to be paid by September, 2012.
Mr Fuller said Baden-Clay had almost $200,000 worth of shares as at April, 2012.
He said the accused’s friends were saddled with the risk while Baden-Clay’s own finances were secured to protect him.
He said Baden-Clay called Sue Heath for money in tears because he feared going bankrupt.
“He even told Toni McHugh they were in trouble. Told Toni McHugh he was thinking of selling the business,” he said.
Mr Fuller said Baden-Clay told the police his wife only had access to $20 and they were “on the bones of our arse” on April 20, 2012.
He said the accused told police he could not even afford to buy new razor blades.
“What happens to those assets if he and his wife split, ladies and gentlemen? His interest isn’t all of it, his wife has an interest in it,” he said.
“His success has been elusive, you might think. Sure he won awards early on, but there were no awards in 2011 and 2012.”
Mr Fuller said those pressures were bearing down on the accused when his wife took him to see Relationships Australia counsellor Carmel Ritchie on April 16, 2012.
He said Baden-Clay was told to listen to his wife so she could discuss the affair but he was reluctant and could not see a benefit.
http://www.couriermail.com.au/news/...-allison-in-2012/story-fnihsrf2-1226980999956
He said the accused’s friends invested $90,000 each into the business and the loans were unsecured, while interest was largely unpaid.
“Hardly the hallmarks of due diligence and financial acumen,” he said.
Mr Fuller said Baden-Clay paid out his partners just $1 each for their share in the sales side of the real estate business.
He said that by the end of 2011, Baden-Clay wanted ownership of the rent roll and he needed to raise $300,000.
He said the jury might think an ambitious contract was entered in November, 2011, to be finalised by December that same year, but it did not come to pass.
Mr Fuller said the accused turned to Moggill MP Bruce Flegg and Century 21 founder Charles Tarby for the money.
He said the contract was amended so that he only had to pay $30,000, plus interest instalments, with the rest to be paid by September, 2012.
Mr Fuller said Baden-Clay had almost $200,000 worth of shares as at April, 2012.
He said the accused’s friends were saddled with the risk while Baden-Clay’s own finances were secured to protect him.
He said Baden-Clay called Sue Heath for money in tears because he feared going bankrupt.
“He even told Toni McHugh they were in trouble. Told Toni McHugh he was thinking of selling the business,” he said.
Mr Fuller said Baden-Clay told the police his wife only had access to $20 and they were “on the bones of our arse” on April 20, 2012.
He said the accused told police he could not even afford to buy new razor blades.
“What happens to those assets if he and his wife split, ladies and gentlemen? His interest isn’t all of it, his wife has an interest in it,” he said.
“His success has been elusive, you might think. Sure he won awards early on, but there were no awards in 2011 and 2012.”
Mr Fuller said those pressures were bearing down on the accused when his wife took him to see Relationships Australia counsellor Carmel Ritchie on April 16, 2012.
He said Baden-Clay was told to listen to his wife so she could discuss the affair but he was reluctant and could not see a benefit.
http://www.couriermail.com.au/news/...-allison-in-2012/story-fnihsrf2-1226980999956
