AvidSys, the Gautam family-owned company, sent Krishnan a letter of demand in June, while its parent company, Avid Global Holdings, alleged that Krishnan’s company promised to cover legal and professional costs associated with the proposed sale of Spectrum Health Group, which fell through last year.
A letter from Clayton Utz lawyers on June 15 said: “In or about late October 2025, you represented to our client that you would pay all of our client’s legal and other professional costs incurred by our client in connection with the Transaction.” It added that Krishnan repeated the representation in numerous telephone conversations and that the client now suffers detriment.
The payment was demanded within five days of the letter. AvidSys founding director and chairman Ansh Gautam confirmed the letter had been sent but declined to comment.
Krishnan said he had made all financial declarations required by parliament, calling the AvidSys issue a “private matter” he was trying to resolve. “My legal representatives have sought more information from Avid Global Holdings regarding their initial correspondence sent in June, but have not received a response since June,” he said.
The demand follows revelations that Krishnan is being sued in a New Jersey court for $1.2 million over an allegedly unpaid loan secured in 2024. Landgate documents show he also used his Mosman Park family home to secure a $330,000 loan with a monthly interest rate of 3.5 per cent. This masthead previously reported that Krishnan spent nearly all his parliamentary salary on electorate expenses.
Before entering politics, Krishnan resigned from all his directorships. He told 9News last year that he had “been out of business for almost four years”. Before the sale of Spectrum Health to AvidSys fell through, the company issued a press release heralding the deal and stating Krishnan would stay on as an advisor.
Spectrum Health Group is understood to be in the process of being sold to rival GP network Family Doctor in a deal believed to be worth $47.5 million. “All dealings will be closed on full settlement, which is due at the end of the month,” Krishnan said, refusing to detail how much he would make from the sale, citing commercial confidence.
Premier Roger Cook said he had spoken to Krishnan about his disputes. “Since my return from my trade mission to China, I have spoken with Dr Krishnan, and he advised these are private commercial legal matters that he will continue to defend,” Cook said. He added that he had reminded Krishnan of the standards expected of members of parliament around the disclosure of gifts.
Deputy Premier Rita Saffioti backed Krishnan on Thursday: “He’s been an excellent member for Riverton, working for his community, delivering for his community, and he’ll continue to be a very good member for Riverton.”