Gerry Karidis, the businessman who caused the 1974 blow-up as the middleman in a $4 billion loans affair will celebrate his life and work and reveal details of the scandal in a book.
Now the head of a $300 million building, Karidis claimed it took him years to get over the scandal, although he now said that the money was there. some 38 years back, Karidis introduced Pakistani commodities trader Tirath Khemlani to then Energy Minister Rex Connor, setting in scale a scandal in which Khemlani was found to be a con man, bringing down the the Whitlam government.
His 317-page book Building, Always Building, published by Wakefield Press, will be launched at a gala dinner at the Adelaide Convention Centre on Sept. 25 and will shed light on his part in the loan scandal.
Karidis has always defended himself for suggesting to the then-Labor Minister to borrow money from the Pakistani tradesman and claims that no law was ever broken. The money was meant to support the government’s plan proceed with infrastructure plans but it all failed with the opposition’s refusal to seek the loans. The Connor government fell and a series of events followed with political maneuvers, accusations and Khemlani involved with selling documents to the government.
(With information from The Australian)