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Cricketer owes, Petricevic gone

Bridgecorp Briefs: Former Australian test cricketer big Bridgecorp borrower, Petricevic and others given boot.

Thursday, July 12th 2007, 3:19PM
Former Australian test cricketer owes Bridgecorp $A18m
Former Australian cricket test fast bowler Craig McDermott has been revealed as the Queensland developer owing more than A$18 million ($20.1 million) to the Australian capital raising arm of Bridgecorp. [MORE}.

Petricevic gone from Bridgecorp
Bridgecorp's receivers have reviewed staffing levels at the company and as a result 13 permanent positions were disestablished last week, including that of managing director Rod Petricevic and the company's finance director, Rob Roest.

Receiver Colin McCloy confirmed that although the two senior executives no longer had permanent roles with Bridgecorp, both remained in touch with the receivers.

"Although Rod and Rob have left the company they continue to be available to assist us when required," he said.

Mr McCloy and Mr Waller were appointed receivers by the Covenant Trustee Company Limited last Monday. This has seen them assume control of Bridgecorp's business and assets.

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