Adam Segal

Property developer and former director of collapsed Keystone Asset Management Paul Chiodo wants his suit against Keystone’s liquidators managed alongside their case against the owner of City Built.

Ex-Keystone director Paul Chiodo has failed in his fight against subpoenas by receivers over bank statements, despite arguing they were a fishing expedition aimed at clawing back investor funds. 

Ex-Keystone director Paul Chiodo is fighting a bid to subpoena his personal bank statements, arguing receivers are fishing for potential claims against him as they look to claw back $480 million in investor funds.

A judge has rejected bids by former Keystone director Paul Chiodo and developer Robert Filippini to stay a $150 million suit, citing investors' interests as a "powerful" factor weighing against the stay.

Property developers Paul Chiodo and Robert Filippini want to stay proceedings by Keystone's receivers over $150 million allegedly laundered through City Built's construction projects, citing "quite likely" criminal charges. 

A dispute over a scuppered transaction between the director of collapsed Keystone and the owner of the Marriott Hotel in Venice has been settled.