Lewski Gives Prime Admissions



We invite unitholders to read the attached articles from the Australian Financial Review and The Age dated 31 October 2012.


The articles suggest that several of the agreements for Mr Lewski's company to manage retirement villages were temporary oral agreements only and that these agreements had not been documented in Board minutes.


Unitholders will recall that Mr Lewski's company was given these management rights for no consideration and then later sold them for a personal gain of $60m.  The articles note that the $60m was subsequently transferred to Mrs Lewski, who in turn gifted the amount to her sons.  

AFR-Article-31-October-2012 The-Age-Article-31-Oct-2012 AFR Article 31 October 2012 The Age Article 31 Oct 2012