Overview
- On his eighth day in the witness box, Ibrahim Helmy conceded arranging free concrete for developer Adam Taki from Kerway Asphalting when the contractor struggled to pay cash.
- WhatsApp messages shown to the inquiry discussed seeking up to $500,000 worth of concrete, referenced on‑selling it for cash, and matched six spreadsheet entries between June 2023 and July 2024.
- Helmy told the commission he gave Taki about $1 million from funds he said he generated from cryptocurrency gains and confirmed he did not seek repayment.
- Earlier evidence detailed $686,000 in cash Helmy received from Kerway director Wayne Harrison across 14 meetings, with photos and messages tendered; he remains in custody after his September 26 arrest.
- The inquiry is examining alleged manipulation of procurement including selective requests for quotes, leaking Fulton Hogan tender documents to Kerway, and the roles of colleagues Peter Le and Mukesh Patel, who admitted lying in a prior examination.