A biotechnology chief executive who earned more than $10 million from now collapsed life-science companies has declared himself bankrupt and left Australia.
iQ Group Global founder George Syrmalis owes more than $5.4 million – $4.3 million to the Australian Taxation Office and almost $665,000 on credit cards – according to his own bankruptcy declarations obtained by AFR Weekend.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
