The Sydney stockbroker went under in May last year, owing clients £34.5 million

A failed Sydney stockbroker that was majority owned by the former tennis champion Ken Rosewall and his son, Glenn, took advice from a psychic when preparing cashflow forecasts, a court was told yesterday.

KPMG is conducting a liquidators’ examination into the failure of BBY, which went under in May last year owing clients an estimated A$61 million (£34.5 million). The accountancy firm has said that the collapse was the largest suffered by an Australian broker since the global financial crisis. At the New South Wales Supreme Court, April Yuen, BBY’s former strategy manager, said that Nevine Rottinger, a psychic and vibrational healer, regularly provided investment guidance to Glenn Rosewall, the broker’s non-executive chairman.

Ms Yuen told the court that BBY had an extra column in