ALLIED BRANDS MANAGING DIRECTOR TIED TO DISGRACED COLLAPSE OF SUPER GP - CALLED LIAR BY QUEENSLAND PREMIER!

The spectacular collapse of the Gold Coast SuperGP race this coming weekend has tied disgraced Allied Brands Ltd. (ABQ) Managing Director Peter Graham to fired former MP Terry Mackenroth and seen both accused of lying to the Queensland Government by Premier Anna Bligh.

Graham, who has overseen Allied Brands while it is actively investigated for insolvent trading, sale of visas & dud franchises to Korean and Chinese migrants, and ASX violations related to continuous disclosure, is a director alongside Mackenroth on the Gold Coast Indy Partnership, the organisation now implicated in the Super GP fiasco and loss of millions in state funds.

Bligh is quoted in THE AUSTRALIAN as saying

"It would seem that the A1GP simply lied, that they deliberately misled. Right up until Friday they were giving assurances that this race would go ahead," she told reporters."

"When you're dealing with people like this, it's very hard"

"These are people who frankly I think acted in bad faith, and I would recommend anybody else who might be dealing with them anywhere else in the world to take great caution"

"These are not people you can trust."

Baskin Robbins, Cookie Man, Awesome Water franchisees along with Allied Brands shareholders would agree - Bad Faith is a standard of operation for Allied Brands.

The SuperGP website still claims the race begins "In 2 Days".

The Queensland Police and Queensland State Auditor have opened a criminal investigation into the collapse of this event, and possible criminal charges against those responsible including the board and directors, apparently including director Peter Graham. Mackenroth has already been bounced from the board in disgrace.

Perhaps this will spur the current investigations into getting some of these crooked companies shut down.

Peter Graham has been actively attempting to cash out of Allied Brands (according to filed ASX reports) since the last annual report showed a massive miss despite his assurances of profits to the market and press.