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flag Family-owned freight company Austrans collapses with $116M in debt, leaving 160 employees owed $1.7M.

flag Family-owned freight company Austrans Container Services has collapsed with debts over $116 million. flag Its director, Gregory O'Shea, faces investigation for potential wrongdoing including trading while insolvent. flag Despite the company's collapse, O'Shea maintains a lavish lifestyle. flag Creditors, including 160 former employees owed over $1.7 million, face unlikely asset recovery, according to liquidators.

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