Nicole Tyson, counsel for Kingston’s trustee in bankruptcy, told the Federal Court last week that Kingston had further bank accounts and, potentially, assets in Hong Kong that required investigations to learn more about his financial position.
The court heard the $151 million provided to the Sargon-associated company by the Chinese financier appeared to have been deposited into one of Kingston’s personal bank accounts in Hong Kong.
“In essence … there have been very significant amounts of money paid into bank accounts in Hong Kong that were the subject of the judgment of Justice [Jim] Delany of the Supreme Court of Victoria,” Tyson said.
“The trustee has been unable to essentially reconcile and trace all the payments in and…
