I doubt that the valuer is also negligence before ANZ approved...

I doubt that the valuer is also negligence before ANZ approved the loan as they will rely on the valuer report.
Between, I was surprised how they get this 40 million loss estimated last year November and in this February, the loss was estimated 20 millions (half of the amount estimated in November)? Did they employ a qualify people to do the estimation of loss or the management has actually change the figures?
Even the court awarded the 'no transaction' who is going to pay for the damages or loss?
The loser looks like would be the creditors, shareholders but the winner is management team as they used the company money for luxury Christmas party, executive bonus, house for executives.....
Correct me If I am wrong