by Glen Norris13th Aug 2019 5:45 PM
FINANCIAL figures provided to the building watchdog by the failed JM Kelly Group in order to keep its building licence might not have been accurate, a court has heard.
JM Kelly Builders general manager John Murphy has today told the Federal Court how in the lead up to liquidation the company provided figures to the Queensland Building and Construction Commission to show it has the required assets to keep operating.
But Murphy, who was giving evidence at a public examination by the liquidator into the $50 million collapse of the group last year, said the company had to meet an unreasonable deadline to provide the figures and he could not vouch for their accuracy.
"I can't say if these figures are accurate or inaccurate," Mr Murphy said. "We told the QBCC that the figures might not be robust because of the unreasonable time frame."