Wednesday, May 12, 2021

The freedom of the press still furnishes that check upon government which no constitution has ever been able to provide – Chicago Tribune.

Tags Equity

Tag: equity

Pearce sole director of failed company: native title spokesman wants answers on Mt Johns real estate development

A "special director" of the Antulye estate group of native title owners in Alice Springs, Ron Morony (pictured left),
says yesterday's Centralian Advocate newspaper report about the Mt
Johns Valley residential development omits a crucial detail about the
defunct CDE Civil group.

He says the newspaper neglects to point out that its main source, Darryl Pearce (pictured right),
identified in the report as "native title holder Lhere Artepe's CEO",
is also the sole director of the company now in liquidation, defaulting
on significant debts to local contractors.

Alice Springs News Online reported Mr Pearce's position within CDE Civil earlier this month. 

This is confirmed by an ASIC extract, dated September 19, when the company had gone into liquidation.

Mr Morony is a financial consultant based in Canberra. As the CEO of
Indigenous Business Australia between 1993 and 2010 he raised the
asset base of the organisation from $40m to $1b.

He is in Alice Springs for meetings with Lhere Artepe interests who
say they are keen to restore the influence of native title holders on
their organisation.

Mr Morony says he is concerned about the impact of the management failure of CDE Civic.

"I am constantly being asked by my relatives and local native title
members about what is happening in their name and they ask when will
accountability and common courtesy be extended to them." ERWIN CHLANDA reports.

 

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