The founder of collapsed childcare company ABC Learning will appear in court in Brisbane on Friday morning to face criminal charges.
Eddy Groves was the driving force behind ABC Learning Centres, which became one of Australia's largest companies and one of the world's biggest childcare chains.
At its peak, the private company was worth an estimated $A2.5 billion.
But more than 240 of the centres were deemed financially unviable in November 2008.
There were debts of more than $1.6 billion and the company was placed into administration.
Soon after, the Australian Securities & Investments Commission started an investigation into matters such as disclosure, accounting and third-party dealings.
ABC News reports that the Commonwealth Director of Public Prosecutions is expected to lay criminal charges against Mr Groves and former executive Martin Kemp for breaches of their director duties.
