Lawyer and hospitality entrepreneur Faddy Zouky has had his Australian assets frozen until he pays nearly $9.6 million to a Chinese former business partner who accused him of misleading him over an investment in a Sydney hospital café.
Mr Zouky, who runs a number of cafés in medical centres across NSW, Queensland and Victoria, fell out with Suilong Liu, a Chinese businessman dubbed “the shoe king” by China’s media, over a joint venture at Royal Prince Alfred Hospital.
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correction —
An earlier version of this story incorrectly reported the ownership of certain cafes.
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
