Is Philip Adams ready for court trials?

Is Philip Adams ready for court trials?Amongst the many directors, Mr Adams is the one of who has provided the evidence for the questioning rounds continued in the third week in the NSW Supreme Court upon the MFS's peculiar $2.5 billion drift in 2008.

However the Liquidator of Bentleys Corporate Recovery is going through the verifications necessary to check in a bid process to find out when and how the company went insolvent.

According to the court hearings the assets worth many millions dollars has suddenly disappeared from the different MFS companies before it broke.

Subsequently on the other hand, another round of court hearings re on the move to consider scrutinising the Allco Financial Group's purchase made on October 2007 of the Rubicon property deal.

The shareholders of Rubicon group were the directors of Allco, David Coe and Gordon Fell who reaped financial benefit from the Rubicon sale.

The duo, with other former Allco directors, had faced the Federal Court during April to regarding the controversy of $50m loan to the Allco Trust.