Australia’s most infamous groom Salim Mehajer owes more than $24 million to his creditors, despite flaunting his luxury lifestyle.
He once aspired to be Prime Minister – but now it seems his party is well and truly over.
Seven News has obtained an audit of Mehajer‘s estate, which may lead to further charges being laid.
A report to creditors reveals the startling truth: Mehajer didn’t own any of those luxury cars.
He admitted he owned a Rolls Royce and a Mercedes van – both in possession of a third party.
Mehajer claims $875,000 in jewellery, $450,000 in furniture, and $250,000 worth of artwork was all stolen while he was in jail – despite there being no records of any thefts or reports to police.
The former Auburn deputy mayor told the Trustee he had $65,000 in cash. In fact, he has minus $41,800 dollars in the bank.
“Records all disappeared or stolen – it seems extraordinary and I don’t think there’s going to be a real lot for us to have a party over,” finance expert Peter Switzer, of Switzer Finance Group, told 7 News.
His entire estate is valued at minus $11.5 million dollars, and he owes more than $24 million to creditors.
Among them is cleaner Anping Yan, who proved in court he’s owed more than $25,000 over a three year period.
Mehajer owes millions on the home where he hosted his wedding party, and he will likely lose it.
Since then he’s lost his wife, political office, his companies, and his freedom, leaving many to wonder if he now regrets flaunting his wealth so publicly now that it’s gone.
His estranged wife Aysha obtained a home from Mehajer’s father Mohammed, but there is a dispute over who owns it, with Aysha claiming her signature was forged on a loan agreement.
“It’s a recipe for failure when you hang out with people like this,” Mr Switzer said.
Seven News has confirmed Salim and his father transferred $20 million to accounts in Lebanon in late 2015.
The Trustee is considering referring Mehajer to the finance regulator for possible charges.
His effort to have his bankruptcy annulled is due in court next month.