Lhere Artepe Enterprises Pty Ltd (LAE), which is carrying out the Mt Johns Valley real estate development, is tight-lipped about a $650,000 loan it received from the town's native title body, Lhere Artepe Aboriginal Corporation (LAAC).
To an enquiry from Alice Springs News Online whether the money had been repaid, and if not, when would it be, a spokeswoman for LAE said: "This is a matter between LAAC and LAE."
And she says the LAE board had not seen an email, nor approved it, sent by Darryl Pearce, in connection with a share deal in CDE Civil. Mr Pearce was recently sacked as the company's CEO. ERWIN CHLANDA reports. Photo:Happier days (from left) LAAC chairman Brian Stirling, now replaced by Ian McAdam; real estate agent David Forrest and Darryl Pearce, sacked as CEO.