Attorney General Daryl Williams said yesterday the government had been advised by the Skase bankruptcy trustee that it was fruitless to continue the hunt as the lost millions had been squandered, spent on legal battles and lost in failed Spanish property speculation. The government accepts that the estate of Mr. Christopher Skase has few remaining assets, Williams told reporters yesterday. Mr. Skase had a very elaborate set of corporate structures involving several countries that made the pursuit of the assets very difficult, he said. Facing more than 60 criminal charges in Australia, Skase spent the last years of his life fighting Australian government attempts to extradite him from Majorca.
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