Hello my name is ***** ***** I will help you with this.
On what basis is the repayment being sought please?
Admin Receiver made payment of disputed funds to third party even though they were aware other creditors were seeking to challenge this payment. The payment has prevented the now appointed liquidator from having funds to investigate the legitimacy of the payment and indeed aspects of the Admin Receivers conduct. Thus disadvantaging the company and its other creditors.
Is it fraud. Fraud 3 things, either false representation, failing to disclose information or abuse of position
The only possible one which is abuse of position which is:
(a)occupies a position in which he is expected to safeguard, or not to act against, the financial interests of another person,
(b)dishonestly abuses that position, and
(c)intends, by means of the abuse of that position—
(i)to make a gain for himself or another, or
(ii)to cause loss to another or to expose another to a risk of loss.
The problem is here, you have to show dishonesty. I don't think you can show that.
Dishonest means that it is dishonest by the standards of a reasonable person and the person knew it was dishonest
Here I think it was made in good faith - so no, I do not think it is fraud.
I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest
Can I clarify anything for you about this today please?
We asked the Admin Receiver to provide 5 days notice before paying away the money so we could seek an injunction if needed to prevent it. They sat on it for over a month and then paid it without giving notice. The Admin Receiver took fees out of the money before transferring it, so did achieve a gain for himself and the third party and caused the Company to suffer loss of funds to meet the cost of liquidation.
Ok - that is still not fraud. Negligence I think, but not fraud. The difficulty is showing dishonesty