Salim Mahajer allegedly owes creditors $97 million
- Salim Mehajer held a meeting with himself to remove director of two businesses
- His company owes more than $97 million dollars and he has $32,000 in the bank
Former deputy Auburn mayor Salim Mehajer held a 5.30am meeting with himself to remove the director of two of his businesses hours before the appointment of administrators, a judge has been told.
Mr Mehajer is the sole shareholder of the companies, which Justice Paul Brereton was told on Tuesday owe creditors more than $97 million and has about $32,000 in the bank.
The NSW Supreme Court judge granted an injunction, which means Wednesday’s meeting of creditors will be cancelled pending a hearing on Thursday about whether the administrators were validly appointed.
Former deputy Auburn mayor Salim Mehajer held a 5.30am meeting with himself to remove the director of two of his businesses
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