Former Auburn deputy mayor Salim Mehajer has taken the stand at his own bankruptcy appeal hearing, revealing he has plans to borrow as much as $82 million for five property developments in Sydney's western suburbs.
The appeal also heard the disgraced property developer owes the Australian Taxation Office $8.3 million.
The figure is part of a complex web of financial debts and equities involving the 31-year-old, revealed during Thursday's proceedings in the Federal Court.
The court is deliberating the validity of Mr Mehajer's bankruptcy, which was declared by a federal court judge in March.
He told his appeal hearing that he had been speaking with "overseas lenders" that were willing to provide him with the loans.
However he does not currently own a builder's licence.
The biggest of the five developments is on John Street in Lidcombe, the site of many of the controversial figure's previous apartment developments.
He revealed he wanted to borrow as much as $75 million for that development.
In his submissions, Mr Mehajer's lawyer called for an adjournment because of the "complexity" of his client's financial situation.
The deliberations are continuing.
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