Western Australian police have executed dramatic raids on the homes of Nicheliving executives Ronnie Michel and Paul Bitdorf as part of an expanding fraud investigation into the troubled property development company.
The major police operation saw officers from the Financial Crimes Squad descend on multiple properties across Perth, seizing mobile phones and documents crucial to their investigation into alleged fraudulent activities within the company.
Early Morning Raids Target Company Leadership
In coordinated early morning actions, detectives targeted the residences of both Chief Executive Ronnie Michel and General Manager Paul Bitdorf. The raids represent a significant escalation in the official investigation into Nicheliving's operations.
Police confirmed they seized electronic devices including mobile phones and various documents during the searches. The operation was conducted as part of an ongoing complex financial investigation that has been developing for several months.
A WA Police spokesperson stated the raids were connected to "allegations of fraud" within the company, though specific charges have not yet been laid against any individuals.
Mounting Troubles for Property Developer
Nicheliving has been facing increasing scrutiny in recent months as financial difficulties mounted. The company, which specialized in affordable housing projects, has left numerous homebuyers in limbo with unfinished properties across multiple developments.
The investigation focuses on allegations that the company continued to accept deposits from new customers despite knowing about its deteriorating financial position. This practice potentially constitutes fraudulent behavior under Australian law.
Many affected customers have reported paying substantial deposits for homes that were never completed, with construction sites abandoned and communications from the company ceasing entirely.
Consumer Protection Steps In
Building and Energy Executive Director Saj Abdoolakhan confirmed that Consumer Protection has been actively investigating Nicheliving since the company's collapse became apparent. The regulatory body has been working to assist affected consumers while gathering evidence for potential legal actions.
Multiple homeowners have come forward with stories of financial ruin after investing their life savings with Nicheliving. The company's business model involved selling house and land packages with promised completion timelines that were never met.
The raids come as authorities face increasing pressure to take action against company directors suspected of misconduct. Both Michel and Bitdorf have maintained that they acted appropriately throughout the company's operations.
As the investigation continues, police are urging anyone with information about Nicheliving's activities to come forward. The Financial Crimes Squad is particularly interested in speaking with former employees and subcontractors who may have relevant information.
