Court told profits from failed building giant Privium were earmarked to spread the gospel

Three years after building giant Privium’s spectacular $80 million collapse, which left more than 700 homes unfinished, its founder has told a court what he’d planned to do with a percentage of its profits.

Glen Norris follow 3 min read November 21, 2024 - 10:35AM

The Australian Business Network

The founder of failed building giant Privium Group said he planned to give a certain percentage of its profits to a charity to spread the Christian gospel before the company’s spectacular $80m collapse three years ago.

Robert Harder, who describes himself as a Christian, told a Federal Court public examination in Brisbane that he had planned to donate 10 per cent of Privium’s profits to a charitable trust called The Promise he had set up to “spread the gospel”. Mr Harder said he was the trustee for the charity that was linked to a church.

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