Bankrupt former Blue Chip creator Mark Bryers is drawing a salary of A$300,000 ($310,000) from a similar business in Australia.
Bryers, who has filed an application to be discharged from his bankruptcy, will be scrutinised in the High Court next week by a lawyer for the Official Assignee who administers his bankruptcy.
Bankrupts are not allowed to own or manage companies. Bryers has said his involvement in a financial services and property investment business is as a consultant.
He is expected to argue that he has complied with his bankruptcy requirements. Phillip Cornege, for the Official Assignee, will argue that a raft of documents from companies including Talos Accounting Ltd and Stendar Pty Ltd, show he was a key manager and breached bankruptcy conditions.
In October the Herald revealed that Bryers was using the name "Mark Ryan" while a key decision-maker in the business. He was listed on company documents as "general manager". Company records indicate that Bryers was employed fulltime and paid A$300,000. Other documents seen by the Herald record him making key operational and staff decisions.
