In April 2003, King Bros, a 79-year-old Port Macquarie based bus company, collapsed suddenly with debts of $220 million. Its owners, twin ... In April 2003, King Bros, ...

The owners of the failed Port Macquarie-based King Brothers bus company have gone on trial in Sydney, accused of defrauding a bank of $44 million for a fleet of buses that did not exist.

Bus firm buys failed King Bros business Posted Wed 24 Sep 2003 at 12:16am Wednesday 24 Sep 2003 at 12:16am Wed 24 Sep 2003 at 12:16am Help keep family & friends informed by sharing this article ...

Peter and Tony King, the twin tycoons who owned the failed King Bros bus empire, yesterday said they were not guilty of creating a 144-strong bus fleet to obtain $44 million from the National ...

The $228 million collapse of the King Bros bus company is unfolding as an HIH-style saga of greed, incompetence and toothless watchdogs. Ben Hills investigates. Audit time was party-time at King Bros.

The chief accountant for the King Bros bus group confessed yesterday to signing false accounts three months before the group collapsed with debts of $220 million.

Someone at the collapsed King Bros bus company created a phantom fleet of nearly 300 luxurious buses to defraud National Australia Bank out of nearly $100 million, the Supreme Court heard yesterday.