Piece of Petricevic up for sale

Bankrupted former Bridgecorp boss Rod Petricevic's infamous motor yacht Medici is up for sale – again. Mr Petricevic is due to face trial next year and answer charges brought by the Securities Commission. Part of the case against him concerns the misappropriation of more than $1.8m of Bridgecorp funds to buy and maintain the 19m boat. Bridgecorp collapsed in 2007 owing investors $460m. Medici was put on the market by receivers PriceWaterhouseCoopers and sold in August 2009 for $601,875 plus GST.

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