Greg Fisher has been arrested on charges with conspiring to import and supply more than $200,000 in drugs.
Police allege a Kings Cross unit used by "Greg Fisher and Associates" was used to distribute drugs including cocaine, gammahydroxybutyrate (GHB), ecstasy, crystal methamphetamine (ice) and amphetamines, with drug dealers and buyers visiting the high-rise unit.
The alleged operation in unit 602 of the Rex Apartments in Macleay Street, Potts Point, was recorded over six weeks by a camera secretly installed in the premises by the drug squad, police alleged in court documents yesterday. The unit and its phone were also bugged, it was alleged.
Fisher, 39, floated the "pink" media firm Satellite Group in 1999. He was on bail pending sentence in the District Court on January 28 after his conviction in December for dishonestly using his position as a director by using $220,000 in company funds for his personal benefit.
He was arrested on Wednesday at a Coffs Harbour resort. Yesterday he appeared before Coffs Harbour Local Court charged with possessing, importing and attempting to import a prohibited drug, and supplying cocaine. He was refused bail to appear in Central Local Court on January 20.
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