THE receiver of Burrup Fertilisers is seeking a meeting with managing director and major shareholder Pankaj Oswal, who has fled the country, sparking the corporate regulator's attention.
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ANZ Banking Group appointed receiver PPB Advisory to take control of Burrup and Mr Oswal's shareholding in the parent company, Burrup Holdings, on Friday amid an escalating stoush between Mr Oswal and 35 per cent shareholder and customer, Norway's Yara International.
PPB's Ian Carson said that the Australian Securities and Investments Commission had said it was very interested in developments, The Australian Financial Review reports.
"We've been in touch with ASIC and will be having a briefing," he said.
"PPB has written to Mr Oswal personally today to ask for a meeting to talk to him about the companies' affairs. We want to see if there is assistance he can give us, to assist us in recovering assets and in finding purchasers."
