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Ex-PPB Advisory partner charged with fraud

A former PPB Advisory partner has appeared before the Magistrates Court in Brisbane, charged with three counts of fraud.

Business Katarina Taurian 24 September 2018
— 1 minute read

ASIC alleges that, in 2017, Queensland-based David John Leigh, as a co-liquidiator of Neolido Holdings, caused the transfer of $800,000 from Neolido’s liquidation account to the bank account of a private company that he controlled.


Neolido, a Brisbane-based property development company, was wound up in 2005. Mr Leigh was partner at PPB Advisory at the time he was appointed co-liquidator in 2010.

In March this year, Mr Leigh’s registration as a company liquidator was suspended, following receipt of an application by him. Mr Leigh agreed to resign as external administrator of all his current appointments.

ASIC since appointed replacement liquidators to 16 companies which Mr Leigh was sole liquidator of. BDO Business Restructuring picked up the Neolido job.

The charges against Mr Leigh have been listed for a mention at the Brisbane Magistrates Court on 2 November 2018. The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

In June this year, PwC confirmed the acquisition of PPB Advisory after about six months of negotiations. 

More to come.

Ex-PPB Advisory partner charged with fraud
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