ASIC launches Zone RV criminal investigation over caravan company's collapse (opens original article in a new tab)

ASIC is investigating the collapse of Queensland's Zone RV, which left customers and creditors unpaid, after allegations of illegal dividend payments and director misconduct. The company owed $42 million and over 100 customers lost deposits for unbuilt caravans. A former CFO reported insolvency but faced retaliation.

• ASIC launches criminal investigation into Zone RV's collapse over alleged illegal dividend payments and director misconduct.
• Over 100 customers lost millions in deposits for unbuilt caravans, with no recovery from liquidation.
• Former CFO Kim Hodgkins reported financial insolvency and was retaliated against for raising concerns.