Former AFL Boss Andrew Demetriou Grilled In Court About $145 Million Acquire Learning Collapse

Crown Resorts director and former AFL chief executive Andrew Demetriou has been grilled in court over the $145 million collapse of education group Acquire Learning, ABC News reported. Mr Demetriou was never a director of the company but was executive chairman of an advisory board and paid $75,100 a month and $1.6 million in shares for three days a week of work in an office downstairs from the directors. The court heard that about a week before Acquire received a letter from law firm Clayton Utz suggesting the company was teetering on the edge of trading while insolvent, Mr Demetriou asked the company to approve a $150,000 bonus payment for "professional services as agreed". "Thank you very much for your very generous consideration. Best, Andrew," the email read. The payment to Mr Demetriou's private company was made that day. Read more

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