A dispute over the ownership of hundreds of thousands of dollars in gold and silver firm found in the safe of collapsed Queen Street firm Forex Brokers is heading to the High Court.
Liquidators believe that the firm, which failed last April and owes creditors $13m, had been insolvent for at least four years prior to its collapse due at least in part to speculative foreign exchange trading.
The Serious Fraud Office has been investigating the company, and its sole director and shareholder Russell Maher, since June.
Liquidators Christopher McCullagh and Stephen Lawrence said in their third report released this morning that they had recovered a "quantity of gold and silver bullion" from the company's premises, but ownership of it had been claimed by an unnamed third party.
It is understood the precious metals - worth hundreds of thousands of dollars - were found inside a locked safe in the company's office.