Dural Alliances Pty Ltd was a company set-up in August 2017 with Ralph’s former partner in the Dural land, Craig Adams. Dural, Ralph and Amreeta borrowed the sum of $540,000 using their property at 88 Perfection Ave, Stanhope Gardens as security for a loan from Franklin Yeezy Pty Ltd. The mortgage and a deed was prepared by John Mahony of Mahony Law. The $540,000 was loaned by Dural, Ralph and Amreeta to Craig Adam’s company Golden Arrow International Pty Ltd security by land in Warriewood. A caveat ought to have been lodged on the land at Warriewood. A caveat was not promptly lodged against the land at Warriewood. Ultimately, Ralph & Amreeta lost their house at 88 Perfection Ave, Stanhope Gardens when they could not repay Franklin Yeezy – the Franklin Yeezy loan was subject to an interest rate of 6% per month (in default).
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