Business
‘Nothing adds up’: Sydney tycoon’s mystery $200m confounds ex-liquidator – Sydney Morning Herald
Richard Minfeng Gu has been accused of having more than $200 million flow through his property development company without any records to show for it.
Richard Gu’s yacht Fat Fish which has been repossessed by NAB and is being held by Slattery Auctions pending sale.Credit:Slattery Auctions
It’s been a bad year for the controversial property developer, 37, with his yacht “Fat Fish” impounded, his fleet of luxury cars repossessed, fending off bankruptcy and having Mr Howell appointed by the court to liquidate his empire.
Assets of the AXF Group include shares in a gold mine in the Solomon Islands and shares in Cape Grim holdings which bottles s…
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