The man behind the controversial private equity offer for Australian retailer David Jones, Scotsman John Edgar, has resurfaced in New Zealand.
It was revealed this week that neither Edgar, nor any company that appears to be associated with him, actually traded in David Jones shares around the time of the A$1.7 billion ($2.2 billion) takeover offer made earlier this month.
But this has not deterred the Australian corporate regulator from its hunt to find out how the debacle played out. Part of the Australian Securities and Investments Commission's investigation has included talking to its regulatory counterparts around the world.
According to records found by BusinessDay, Edgar set up a company in New Zealand two weeks after he walked away from David Jones.
This appears to be a company name not previously used by Edgar - RPV NZ Limited. It uses an email that contains the name of RPV Private Equity.
The company appears to have no assets and one share owned by him. He is the only director and the business address is a mail box in Takapuna, in Auckland. His personal address is now an apartment in Leamington Spa, Warwickshire, England.
Edgar is no stranger to New Zealand, having set up a business here in the early 2000s called GoodInvestor, which was described as an online, award-winning group involved in mortgage broking and credit cards.
In an interview he gave at the time, he claimed to be giving a portion of his revenue to charity. This has not been verified.
The New Zealand business ceased to operate a few years after it appeared, according to corporate records. It claimed to have a business affiliation with AMP - which had no record of it.
Meanwhile, the Edgar trail regularly leads back to a supplier of whisky. One of his brands claimed to be marketing an A$6 million (NZ$7.8m) precious-gem encrusted bottle of halal, non-alcoholic, whisky in the Middle East.
A recently discovered site suggests his company was also pushing a kosher bottle of whisky in Australia.
Neither of these can be verified.
- Sydney Morning Herald