Former KPMG deal maker turned publican Jon Adgemis transferred more than $9 million out of companies that were part of his hotel empire in the year before they collapsed, according to an administrator’s report that also accuses him of trading while insolvent.
Mr Adgemis, a high-flying Sydney businessman known for a lavish lifestyle and glamorous girlfriends, built a hospitality empire spanning more than 20 pubs, bars and hotels, including Oxford House and The Norfolk in Sydney, Karen Martini’s Saint George and Guy Grossi’s Puttanesca.
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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
