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Construction PRO
Sydney pub baron Jon Adgemis has been declared bankrupt and his properties have been sequestered, with the Federal Court finding the former KPMG partner owes $1.8 billion to creditors.
A judge has found that penalty privilege cannot be used to avoid the production of books under the Corporation Act.
The liquidator appointed to investigate a class action over Walton Construction's collapse is now looking to file his own case against National Australia Bank, the company's former director, and the restructuring firm hired before the construction company's demise.