Former KPMG dealmaker turned pub baron Jon Adgemis attempted to conceal a $26 million debt to Monaco-based rag trader Richard Gazal, arguing that it could cause the collapse of his hospitality empire.
Mr Adgemis has been attempting to conceal the extent of his debts, and that Mr Gazal is now trying to bankrupt him, by asking the Federal Court to suppress details of the dispute between the two businessmen.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
