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$5m gold bullion twist in hunt for collapsed pub group’s millions

The former director of collapsed hospitality empire Virtical was asked about the mysterious purchase of $5 million of gold bullion as liquidators opened court proceedings in their hunt for tens of millions of dollars linked to fake GST refunds claimed by the group.

Former Virtical director Mark Toma. 

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Max Mason covers financial crime, courts 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
David Marin-Guzman writes about industrial relations, workplace, policy and leadership from Sydney. Connect with David on Twitter. Email David at david.marin-guzman@afr.com

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    Original URL: https://www.afr.com/property/commercial/5m-gold-bullion-twist-in-hunt-for-collapsed-pub-group-s-millions-20250324-p5lly6