SouthAussie
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“If you can’t cover your rent, wages and stock you’re not going to be surviving and this business wasn’t covering that.”
Mr Curtin said a company called Warrant Brands, of which the Ristevskis were directors, had traded as the fashion store Bella Bleu.
But as of July 1, 2016 a new company called Envirovision, directed by Ristevski with daughter Sarah as shareholder, had evolved.
“All the revenue from Bella Bleu was going into this company,” Mr Curtin said. “As at June 30, Warrant Brands no longer has any income.
“I’ve got absolutely no idea why that would’ve occurred. It has no real impact on the liabilities of Warrant Brands.”
Nocookies
Borce Ristevski committal hearing: Karen Ristevski’s dress shop in ‘constant financial struggle’
BBM .... except, Borce was sole director as of March 2016.
And Karen was deceased as of 29th June 2016.
All just in time for Envirovision to absorb Warrant Brands total income at the start of a new financial year. With no-one left alive to blow the whistle on the shonky money-dealings.
Paperwork declaring Mr Ristevski had taken over from his wife as the sole director of Warrant Brands, which is linked to her Bella Bleu fashion label, was filed with the Australian Securities & Investments Commission in March.
The Australian, 12:00AM August 20, 2016