Tuesday, April 28, 2015

Court hears about financial failings within Anglican Diocese of Bathurst

From Australia-

The management board of the debt-ridden Anglican Diocese of Bathurst in western New South Wales has admitted huge loans weren't properly examined before being approved.

The Commonwealth Bank is suing the Anglican Diocese of Bathurst for outstanding debts of $40 million dating back to 2007.

The diocese is being sued in the Supreme Court in Sydney and is responsible for roughly a third of all Anglican parishes across the state ranging from Bathurst to Bourke.

More here-


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