CNA business rescue practitioners level serious claims against former CEO

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Benjamin Trisk is critiquing CNA's business rescue practitioners.
Benjamin Trisk is critiquing CNA's business rescue practitioners.
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Former CNA CEO Benjamin Trisk and the retailer’s business rescue practitioners are at loggerheads, with Trisk’s lawyers accusing the practitioners of "spurious allegations".

In a letter sent to Trisk, which Fin24 has seen, the practitioners claim he failed to provide working capital when he bought a 30% stake – as part of a takeover of CNA by the investment group Astoria – last year.

"Upon the acquisition of CNA by you and the other directors you were to have provided working capital and failed to do so, thus prejudicing the business," reads the letter.

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