The Australian Financial Review quoted McDonald Murholme’s Senior Associate Andrew Jewell on Meriton billionaire Harry Triguboff’s pending court proceedings against the NSW Government. Triguboff’s case is an unusual approach to the normal legal process. See below article for further details.
‘How did Harry Triguboff know?’ – The Australian Financial Review
Questions have been raised about apartment billionaire Harry Triguboff’s apparent admission that he knew confidential details about a $150 million development on Sydney’s North Shore.
Speaking on the condition of anonymity, senior sources involved in the tender process pointed out that dollar amounts for the various bids had not been released to anyone outside of the government agency UrbanGrowth NSW.
“So how does he know his bid was the highest?” said one source.
On Tuesday the Australian Financial Review revealed that Mr Triguboff was taking the NSW government to court over his exclusion from a 3000 apartment development on the North Shore called “Lachlan’s Line”.
The 82-year old Meriton founder – who has a fortune valued at $10.23 billion by the BRW rich list – had been excluded from the project because of an apparent conflict of interest.
In February Meriton hired Simeon McGovern to be its general manager of new projects and planning.
Mr McGovern had been UrbanGrowth’s development director until February and was a key member of the team working on the North Ryde residential and retail project.
Meriton was excluded from the development on March 19. Mr McGovern’s three month stint at Meriton ended in April.