Vicinity Centres controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Centro financial-reporting disclosure case
The Australian Securities and Investments Commission brought proceedings against Centro directors and executives. The Federal Court found that eight individuals breached the Corporations Act by approving financial reports that failed to disclose billions of dollars of short-term debt. The case became a major episode in the group’s 2008 financial crisis and restructuring.