The chase for Sanjeev Gupta’s riches is on, and it’s come to Sydney

Morgan Kelly of EY Parthenon, liquidator of Liberty Bell Bay, has served Sanjeev Gupta with a subpoena for a Federal Court public examination as he investigates potential claims exceeding $70 million arising from alleged insolvent trading, unfair preferences and uncommercial transactions at the failed Tasmanian smelter, whose creditors are owed up to $200 million, with Gupta's Australian property holdings potentially at risk if personal liability is established, while a separate NSW Supreme Court dispute threatens his control of Infrabuild.

More from AFR (subscription required).