Liquidators investigating failed pub baron Jon Adgemis are examining his former Byron Bay property interests as part of ongoing efforts to trace assets linked to his collapsed hospitality empire.
Court documents reveal Adgemis previously held a 25 per cent stake in Byron Dream Holdings, a company with property interests in the Byron Bay region, before transferring his shareholding for $1 in 2022.
The transaction is among a number of dealings now under review as liquidators and bankruptcy trustees investigate Adgemis’ financial affairs following his bankruptcy last year.
A spokesman for Adgemis said he held no beneficial interest in the company and did not receive any proceeds from the arrangement.
The investigation forms part of broader efforts to recover funds for creditors after the collapse of Adgemis’ pub empire, which once controlled more than 20 venues across Sydney and Melbourne.
Adgemis is expected to face a public examination in August as liquidators continue probing his business dealings and asset transfers.
Source: The Advertiser
