Newcastle Knights and Jets owner Nathan Tinkler has been grilled about his finances by liquidators of one of his failed companies.
The mining magnate flew in from Singapore to face the music for almost 3 hours in Sydney's Supreme Court.
He told the court he put his faith in the wrong people and was left holding the can over a failed deal which led to the demise of Mulsanne Resources.
The court also heard the coal barron wanted to use houses worth up to 18-million dollars as security to purchase a stake in Blackwood Corporation.
Nathan Tinkler returns to court today.
