06/09/2026
Indian Taxi Driver goes bust owing AU $3.7 Billion ($225 Million) to the Australian Tax Office.
https://www.theaustralian.com.au/business/how-bhart-bhushan-and-bathla-group-created-a-34bn-housing-nightmare/news-story/1520eefd6228367364849965779d31e3
The way some people tell it, Bhart Bhushan, the former taxi driver, didn’t fancy himself as much of a developer when he turned what was an otherwise ordinary block in western Sydney into the start of a property empire.
He nearly went broke twice. Bathla Group may fail on its third brush with insolvency, but that will be decided by administrators. Any probe could examine deals struck by Bathla, valuations, financing arrangements, how deposits were managed, as well as who the ultimate funders of these deals were.
Aside from a comment blaming the Albanese government for its failures, Bhushan has failed to appear in public.
Last year, photos were exchanged inside the business of Bhushan dressed in yellow robes and a mitre cap, pictured in the upper levels of the NSW state parliament.
He was given an honorary PhD: Dr Bhushan. But no university in Sydney seems to dress its post-doctoral fellows in yellow, rendering its origins a mystery.
Source: The Australian. Full Article at theaustralian.com.au. For corporate sharing, find licensing options at the end of the article.
The way some people tell it, Bhart Bhushan, the former taxi driver, didn’t fancy himself as much of a developer when he turned what was an otherwise ordinary block in western Sydney into the start of a property empire.