Staff underpayments and missing money, Criniti’s ‘sh*t show’ laid bare
Italian restaurant chain Criniti’s has been described as “like a circus” in the lead up to its collapse.
A report in The Daily Telegraph has painted a picture of total chaos behind the scenes of the family owned restaurant chain that went into liquidation last month.
One staff member described it as a “sh*t show”, with staff underpayment rife, a “Byzantine” company structure and more than $800,000 unaccounted for.
A report by liquidators Worrells shows amounts cash from between $20,000 to $500,000, missing from store takings between March and November last year that have yet to be unaccounted for.
The report is currently calculating the total amount owed to more than 800 staff, which is expected to be in the millions.
The liquidator also found that Criniti’s accumulated debts of more than $660,000 while it was trading insolvent as early December 1, 2018.
Before six of its remaining restaurants were taken over by Brunetti Group, Criniti’s Group owed more than $16 million to creditors, the biggest being the ATO.
Sheridan Randall, 6th May 2020
