Businessman Christopher Skase contributed to Victoria's biggest financial debacle, the collapse of the State Bank of Victoria. He was one of the biggest single borrowers from SBV's out-of-control merchant bank, Tricontinental, which lent and lost more than $150 million to various companies in the Qintex group, and to Mr Skase himself. In 1991 he declared himself bankrupt to the tune of $170m and, facing fraud charges, fled to Spain from where, armed with a passport from the Commonwealth of Dominica, he fought off attempts to extradite him until his death in Majorca on August 6, 2001.
from Sydney Morning Herald - Latest News
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