Probe into fraud allegations at collapsed ad firm to continue, documents set to be handed to detectives

Investigators looking into the collapse of outdoor ad firm Ambient Advertising have pushed through a resolution to continue to probe allegations of fraudulent activity, despite objections from the company’s former boss.

The investigation has focused on orders made by agencies, on behalf of clients, for Ambient to supply street posters. A special purpose liquidator, Nicholas Crouch, is examining apparent discrepancies between the number of posters requested and paid for by agencies, and the number ordered and delivered by Ambient.

Documents being compiled by Crouch are likely to be handed over to police and the Australian Securities and Investments Commission once further contracts have been received by the liquidator.