August 9, 2023 By subbiesu Leave a Comment

Developer GDI Group accused of misleading GCB Constructions over finance for Drift Main Beach job

A Gold Coast development company was accused of “misleading or deceptive conduct” in its dealings with struggling builder GCB Constructions. Read what the court documents said

Kathleen Skene Follow 3 min read August 9, 2023 - 6:00AM

Gold Coast Bulletin

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A Gold Coast development company has been accused of “misleading or deceptive conduct” in its dealings with struggling builder GCB Constructions.

In court documents for a now-discontinued case, GCB claims developer GDI Group gave a misleading impression of how it planned to pay for the $75m Drift project at Main Beach.

Four companies related to GDI, developer of 27-storey Drift, launched the Brisbane Supreme Court action against GCB Constructions in May.

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SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud.

SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.

Developer GDI Group accused of misleading GCB Constructions over finance for Drift Main Beach job

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