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