Former Kleenmaid bosses to stand trial
FORMER Kleenmaid company directors are due to face trial on Monday on charges arising from the collapse of the former Sunshine Coast-based whitegoods distributor.
Kleenmaid entered voluntary administration in 2009 and liquidators reported consolidated debts of almost $100 million.
Former directors Andrew Eric Young, 62, Bradley Wendell Young, 44 and Gary Collyer Armstrong, 59, will face counts of fraud and failing to prevent a company occurring a debt.
The collapse of the company made national headlines at the time and left staff and customers angry.
The Australian Securities and Investments Commission brought criminal charges against the former directors in 2012.
Its head office was in Wises Rd in Maroochydore and it had franchises throughout South East Queensland.
The Kleenmaid name is still used to sell whitegoods by a Sydney company which purchased the name in December 2009.
The trial is due to begin in Brisbane District Court on Monday.