Business sources say the local firm EXECTech which had more than 30 employees has closed its doors.
Its principal, Brendan Peterkin, did not respond to several requests for comment, but an employee told the News he'd received a phone call last week stating the firm had been put into liquidation and he was to return the company vehicle.
EXECTech described itself in recent advertising as "an established and successful commercial electrical services organisation". Photo: The firm's premises in Whittaker Street.
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.
It appears a company linked to the Alice Springs native title holders' organisation, Lhere Artepe Aboriginal Corporation, has mortgaged supermarkets it bought in 2010 – partly with public money – to pay for a company now in liquidation. ERWIN CHLANDA reports.
CDE Civil Pty Ltd, a company linked to the Alice Springs native title organisation Lhere Artepe, has been placed into liquidation.
A string of prominent Aboriginal figures, including Deputy to the Administrator, Patricia Miller (pictured above with an armed forces officer and former Mayor Fran Kilgariff), may be affected by the developments through their associations with proprietary limited companies bearing the name Lhere Artepe (or related acronyms).
The largest shareholder of CDE Civil Pty Ltd is LAE Nominees Pty Ltd. The principal place of business of LAE is 21 Leichhardt Terrace, Alice Springs, also the office of Lhere Artepe Aboriginal Corporation, at least until recently.
Canberra based business consultant Ron Morony, who has strong links to Alice Springs, says the company has 600 shares, 506 of which are held by LAE Nominees Pty Ltd. Mr Morony is a also director of the Antulye estate group.
He says 47 shares each are held by two interstate companies.
He says it appears LAE Nominees Pty Ltd is owned by Lhere Artepe Enterprises Pty Ltd which in turn is owned by Lhere Artepe Pty Ltd.
Mrs Miller is the chairperson of Lhere Artepe Enterprises Pty Ltd. EXCLUSIVE by ERWIN CHLANDA.