Investors fear millions lost, take legal action against Lion Property Group
Potentially hundreds of investors have yet to see anything of their collective millions invested in property development projects with Lion Property Group, with the Supreme Court now appointing auditors to investigate the company.
Lion Property Group management did not respond to API Magazine enquiries about the millions of dollars that multiple investors are nervously waiting on. (Image source: Lion Property Group website)
A forensic auditor has been appointed to investigate Melbourne developer Lion Property Group after legal action was instigated by aggrieved investors, raising questions over hundreds of millions of dollars’ worth of proposed East Coast property developments.
The Supreme Court of Victoria on Tuesday (27 May) appointed an auditor to the group, after more than a dozen investors launched legal “wind-up” applications against Lion and at least 18 of …
