Hamish James Clarke, a failed property developer gave his fiancee a diamond engagement ring while staying at a $1500-a-night Italian hotel only months before his company collapsed owing millions of dollars.
He has ‘disappeared’ since his company Valiant Homes Ltd was put into liquidation on 4 March 2015, owing around $6m to investors, suppliers, tradies and the tax man. He was the sole shareholder and sole director of the failed company.
Angry creditors say they haven’t been able to contact Clarke since he put the company into liquidation with reports of his whereabouts coming in from Australia to Sweden to Dubai.
When Valiant Homes’ lender, Savings & Loans Ltd, owed $3.2m, called in the receivers the day after the liquidation it found Valiant’s offices empty with no sign of the company’s records or computer servers.
Unsecured creditors of Valiant Homes including dozens of tradespeople are owed $1.4 million, the receiver estimates.
See full story published 30/08/15:
Liquidators First Report filed 9/03/15
Receivers First Report dated 5/05/15: