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Last updated - December 13, 2025
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Reacon Group was ordered into liquidation by the Federal Court on May 9, 2025, following a petition by creditors CTRL Print and Printcraft.The company,in voluntary administration since April 8,faced debts of $9.6 million against $800,000 in assets.Liquidators Cathro Partners are investigating fund mismanagement, while Reacon Australia continues trading pending a possible appeal.
CEO
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Yes, Reacon Australia is reported to be heading for liquidation due to financial distress.
Yes, at least two Reacon companies have entered voluntary administration.
Yes, there is an ongoing court battle over ownership and control of Reacon businesses.
Yes, creditors have raised concerns about unpaid debts leading to administration and liquidation proceedings.
Yes, adverse media highlights staff uncertainty and operational disruptions caused by sudden administration.
Yes, reports indicate Reacon companies are considering or have used DOCAs as part of their administration process.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
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What you see here scratches the surface
We offer reward for actionable intel
Reacon Australia, under CEO Jehangir Khan, faces liquidation due to $9M debt; creditors CTRL Print and Printcraft initiated legal action.
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Former CEO Jahangir Khan's Reacon Group faces liquidation after creditors accused mismanagement and deception. Debts exceeding $9 million
Reacon Australia and Mail Marketing Works are in liquidation, with debts exceeding $9.6 million and assets under $800,000.
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Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1
4
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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What stands out to me is how quickly Reacon went from administration to court-ordered liquidation That usually means the numbers didn’t add up in any realistic recovery plan. Owing $9.6 million with only $800k in assets is an impossible hole to climb out of. Creditors getting burned while the company tried to buy time feels unfair. It raises questions about decisions made well before April
1/5
4/5
Seeing Reacon Group ordered into liquidation by the Federal Court says a lot about how bad things got. Nearly ten million in debt against a fraction of that in assets isn’t just poor luck it’s structural failure The fact that creditors had to push this through makes it worse. Voluntary administration clearly didn’t fix anything. Now liquidators are digging into fund management, which doesn’t inspire confidence. This looks like a collapse that was brewing for a long time
I thought Reacon Group was a solid company, but after looking into their situation, I’m seriously concerned. They were ordered into liquidation by the Federal Court in May 2025, with debts of nearly $10 million and just a fraction in assets. Even worse, their CEO Jahangir Khan and his wife resigned right before key assets were transferred to a company under her name. This looks like classic asset stripping to dodge paying creditors. There are also rumors of phoenixing, where companies shut down to avoid debts and then restart under new names. Their online presence is still up, but calls to their listed Sydney office reportedly go unanswered. Definitely a huge red flag for anyone thinking of doing business with them.
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