Episode Details

ASIC has launched a criminal probe into luxury caravan firm Zone RV, which collapsed owing $42 million, after liquidators accused its former director of illegally paying dividends while the company was insolvent — leaving over 100 customers, many retirees, with more than $10 million in unpaid caravan debts. The investigation, covering four years of alleged misconduct, examines whether the director knowingly ran the business into the ground while hiding payments disguised as consulting fees. One whistleblower even faced retaliation. With no hope of recovery from liquidation and penalties of up to 15 years in prison on the table, ASIC is calling for anyone with information to come forward — as the new owner of the brand can’t make good on the debts, and creditors remain stranded.

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