'Won't stop hunting you': Best friends' epic multi-million-dollar fallout
Two former best friends who fell out after a business failure are going head to head again as one tries to stop the other's bid to build a pub.
John Rose is a self-made man who made his millions from the iconic Rosebank "Stackhat" safety helmets.
He sold his business for millions in 1993.
A few years later he met Tim Rice, who lived in the same suburb in Melbourne's south-east.
Mr Rose told A Current Affair they quickly became "like brothers".
He said Mr Rice asked him to invest in a property venture on the Gold Coast.
Mr Rose invested more than $5 million in the project - but just after three years, the business and the friendship both went sour.
The business defaulted on its loans and the properties were sold.
"I felt like I'd been stabbed in the heart," Mr Rose said.
Mr Rice declared bankruptcy and Mr Rose was hunted by the banks.
A few years later, Tim was named in court documents relating to a notorious property dispute on the Gold Coast.
Mr Rose claims Mr Rice ran the business without consulting him on important matters, including making transactions without his knowledge - a claim Mr Rice strongly denies.
"There's been no action against met and I doubt there ever will be," Mr Rice said.
"I haven't done anything wrong."
In the meantime, Mr Rose has taken to the streets in a truck festooned with displays laying out his claims against Mr Rice, and has also put ads in the local paper.
Mr Rice is attempting to build a pub with 80 poker machines on a block of land in Officer in Melbourne's south-east.
Mr Rose is hell-bent on stopping him.
"I just want everyone in the world to know what this bloke is about," Mr Rose said.
"At the end of the day, I just hope they knock them back with the hotel, let alone the poker machines."
Mr Rice's development application was rejected by the local council last year.
He has since gone to the Victorian Commission for Gambling and Liquor to apply for a poker machine licence, which has also been knocked back.
However, he is now appealing the decision to the Victorian Civil and Administrative Tribunal.
But given his former bankruptcy, it may be difficult for him to secure a gaming licence.
Mr Rose is holding a community meeting next week in an attempt to stop the development.
A Current Affair's cameras caught the pair exchanging words in a local car park.
"You think no-one can touch you, but you're going to be touched," Mr Rose said to his former friend.
"I won't stop hunting you until the day I die."
Mr Rice denies all Mr Rose's allegations against him, saying "blame and bitterness" had consumed Mr Rose.