Bankruptcy trustees have initiated Federal Court action to conduct a rare examination of failed pub baron Jon Adgemis, probing the collapse of his estimated $1.8bn financial empire and the whereabouts of remaining assets.
Pitcher Partners trustee Andrew Yeo filed the application on April 10 as part of efforts to investigate how Adgemis’ debt-laden Public Hospitality Group unravelled, with the matter yet to be listed for hearing.
The examination would see Adgemis questioned in court by lawyers over his financial dealings, asset transfers and the broader failure of his hospitality expansion strategy, which saw him acquire 22 pubs across Sydney and Melbourne.
Adgemis, a former KPMG partner and Cranbrook Old Boy, was declared…