PHOTO: ABIGAIL DOUGHERTY/STUFF – 8 Huka Road was being developed by Chelsea View Estate, Kelly’s company that is now in liquidation.
A bankrupt Auckland developer who left creditors millions of dollars out of pocket has a Maserati, Mercedes-Benz and property in some of Melbourne’s most exclusive suburbs to his name.
Stephen Robert Kelly was made bankrupt in October – the second time since 2011.
Earlier this month his business, Chelsea View Estate, was put into liquidation and a North Shore housing development it was building in Birkenhead was put up for mortgagee sale.
Liquidator Paul Vlasic said creditors were owed millions of dollars, including one contractor who was owed $800,000.
READ MORE: Bankrupt businessman behind stalled North Shore housing development owes creditors ‘millions’
READ MORE VIA STUFF