“Those payments left Special Gold unable to pay its debts, including tax liabilities, which in turn led to penalties and interest liabilities. The payments from the SBI account … appear to be in breach of the freezing orders,” the judge found.
Thyge Trafford-Jones was appointed administrator of Special Gold on December 6, 2023, and six weeks later became the liquidator of the company.
Miryam Fayad with her husband, bankrupt property developer Fayad-Lee Fayad.Credit: Facebook
With the backing of the Australian Taxation Office (ATO), which is owed $32 million by Special Gold, Trafford-Jones has been following the complex money trail, trying to trace what the Fayads did with the proceeds from the Argyle Street sale.
The court heard that…