As Karl Suleman's fleet of luxury cars go under the auctioneer's hammer, John Paterson and Tim Berry have collectively climbed into the drivers seat of the long-suffering ISP, Froggy.
In a shock turn around, ASX listed bandwidth wholesaler FlowCom has announced their intended purchase of Froggy Holdings will not go ahead, paving the way for the sale of the company to mystery man Tim Berry.
The Supreme Court today banned failed entrepreneur Karl Suleman from ever managing a corporation, five months after ASIC won a ruling to freeze his assets and prevent him from operating the Karl Suleman Enterprises (KSE) and the Froggy group of companies.
Karl Suleman has finally been forced to face fraud charges stemming from the AU$60 million investment scam based around KSE and the Froggy group of companies.
As Karl Suleman's fleet of luxury cars go under the auctioneer's hammer, John Paterson and Tim Berry have collectively climbed into the drivers seat of the long-suffering ISP, Froggy.
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