Prime Media Group operator of a number of regional TV stations throughout Australia affiliated with the Seven Network took action to oust the board of Destra, including Carosa, after it gained a 44 percent controlling interest in the company in the wash-up of the Opes Prime affair.
Officially Carosa, who had lost most of his personal shareholding, resigned, along with all of Destra's non-executive directors, bar one: Warwick Syphers, who is also CEO of Prime.
Destra CFO Richard Wingrove is also understood to have departed.
An interim board has been appointed comprising David Gordon, principal of investment group Lexicon Partners, as executive chairman; and Syphers and Peter Evans as non-executive directors. Evans is also a non-executive director of Prime.
Syphers said the new board would conduct a "comprehensive review of the company's strategy and business activities", focusing on emerging opportunities in the digital media space. Carosa is to be engaged as a consultant.
The saga began earlier this month with the collapse of stockbroker Opes Prime. Carosa and non-executive director Paul Choiselat saw most of their personal shareholdings in Destra which had apparently been bought through Opes Prime fall into the hands of the broker's lender, ANZ Bank.
