APW boss dodges questions at wine firm wind-up

Furious seems a fair way to describe the mood at a creditors’ meeting of the latest wine investment firm to bite the dust. Around 600 investors have been left in the lurch by the collapse of APW Asset Management Ltd, formerly known as Australian Portfolio Wines. Except that it might not have collapsed at all. What was supposed to have been the creditors’ meeting descended into farce when sole director Chima Maduabuchukwu – Madu for short – declared that he had not appointed a -liquidator after all.