An aged care home in Melbourne once operated by a business linked to two bankrupt Greek Australian brothers is set to sell, The Australian reports.
Chronos Care, which owns aged care homes in Alphington and Mount Eliza, was set up by Chris and Gerry Apostolatos in 2014, just months before they were banned from running a business and declared bankrupt owing $5 million.
READ MORE: Chicken-killing Apostolatos brothers fail to refund bonds from aged care homes.
Chris Apostolatos was declared bankrupt with debts of more than $2.46 million and just $600 in the bank. Gerry Apostolatos owed $2.55 million to creditors.
The pair were also fined and banned from the poultry industry for a combined total of 17 years after pleading guilty to serious animal cruelty charges over the mistreatment of more than a million chickens.
According to The Australian, the brothers continued to hold an interest in Chronos Care via a family trust and Gerry Apostolatos’ stepdaughter, Rita Kohu, who acted as company director.
READ MORE: Apostolatos brothers: Bankrupt chicken growers banned for cruelty run aged care homes.
Ms Kohu put Chronos Cafe into administration on July 30, 2021. Residents were later turfed out of the aged care home.
The sale of the Alphington property, which the Chronos Group leased, is set to net $9 million, which will flow to landlords. Liquidators are seeking to offload the assets of the aged-care home as part of an auction.
Source: The Australian.
