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Issue No. 202 | 10 November 2003 |
Governing the Corporates
Interview: Union for the Dispossessed Unions: Joel's Law National Focus: Spring Carnival Bad Boss: Fina and Fiends Industrial: The Price of War Economics: Who's Got What History: Containing Discontent Review: An Honourable Wally Poetry: The Colours of Discontent
Taskforce Sleeps As Cranes Crash Scabies, Filth in Upmarket Annandale Race That Couldn’t Stop Nangwarry Mandarins in $120m Disappearing Act
The Soapbox Sport Politics Postcard
Labor Council of NSW |
News Phoenix Rises … Again
TCB Concreters, now in liquidation, alleges the CFMEU construction division ruined its business and is seeking unspecified damages under both common law and the Trade Practices Act. The claims mirror those made before the Cole Royal Commission into the Building and Construction Industry by company representative, Eddie Lombardo. In that forum, Lombardo alleged the union had tried to use safety issues to push TCB into signing an EBA, and that, eventually, its demands had pushed the company into liquidation. However, the union accused Lombardo of generating a string of phoenix companies that had left workers, contractors and others out of pocket. On oath, Lombardo conceded involvement in Ritex Contractors Pty Ltd, Cotec Contractors Pty Ltd, Cotec Administration Pty Ltd, Ritex Holdings Pty Ltd, Cotec Concrete Pty Ltd, Erinmore Holdings Pty Ltd and Hitex Concrete Pty Ltd - all either liquidated or in administration. He had, he agreed, also been a director of other failed companies, including Ricon Construction, Ricon International Holdings and Ricon Design and Construction but had given up those directorships before they went into administration or liquidation. Lombardo agreed he had been barred from being a company director in 1996. His sensational allegations led a former employee, Mohammad Ali, to furnish a statutory declaration in which he said that, around 1996, he was asked to become a director of companies associated with Lombardo. "From what I had been told," the recent arrival from India wrote, "I believed that becoming a director was an honour, a sign of respect ... "I continued to perform my duties as an estimator for the company ... my salary remained unchanged ...I took no part in the management of the company at any time." Ali said that on August 6, 1999, he had been personally served with a bankruptcy notice, relating to an unpaid company tax bill of $292,514.64, arising from his time as a "director" of Lombardo's companies.
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