Claims the owner of Beechwood Homes will get millions of dollars from the sale of the insolvent company have been downplayed by the NSW government.
Larry King goes to the top of a list of unsecured creditors because companies he has a direct involvement in are owed around $20 million from Beechwood.
But fair trading minister Linda Burney has told 2GB’s Ray Hadley there's no guarantee they'll get any of that money.
“Before anything happens they have to prove that those un-commercial transactions actually give them the right to get any money whatsoever.”