polices involvement has not surprised those working
According to reports, Destination Properties alleges that
certain assets held by the JV were sold off by the liquidators
when they should have become property of Destination because
Lehman had breached its investment obligations. IFLR
sources say Destination has applied for an injunction against
the sale, which has been adjourned to allow the liquidators to
present their case.
The injunction, and the police investigation, is likely to
focus on the substance of the joint venture...