Police, the corporate regulator, creditors and the administrator are all being blamed for allowing Michael Gu, founder of collapsed property group iProsperity, to skip the country despite well-publicised claims of fraud totalling about $180 million.
As the finger-pointing and recriminations about Mr Gu fleeing to the US continued on Wednesday, it has emerged that NSW Police has opened a fraud investigation into the Lamborghini-driving former mobile phone salesman.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
