Concerns about welfare of 261 abandoned cattle cited as Asic obtains court order

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Concerns about the welfare of a herd of 261 cattle abandoned on a Queensland farm as part of a failed investment scheme run by a bankrupt Brisbane property developer has finally prompted action by authorities.

The Australian Securities and Investments Commission on Tuesday obtained orders from the supreme court of Queensland appointing Deloitte as provisional liquidators to three companies associated with Keith Batt and his wife, Margaret Letizia, who were behind the Nangus group of companies.

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