Liquidators probe potential fund misappropriation by student agency

Liquidators are investigating GrowPro Experience, a failed student agency, for potentially transferring funds out of Australia before its collapse. The agency, which helped international students study abroad, left over 1,100 students financially impacted. GrowPro's Australian entity went into liquidation owing more than $4.19 million to creditors, with students claiming over $2.4 million. Preliminary reports indicate significant funds may have been moved to the company's parent entities in Spain. The investigation will determine if GrowPro was trading while insolvent. Many students have reported delays in refunds and payments, with some waiting months for money owed.