The Block star Phil Rankine has $5million theft charges dismissed

Concert promoter and former reality TV star Phil Rankine has had $5million theft charges against him dismissed.

Rankine, who twice appeared on The Block home renovation show, faced Adelaide Magistrates Court on Tuesday where Chief Magistrate Mary-Louise Hribal ruled prosecutors had taken too long to advance their case.

Her decision came after the court was told investigators would need another six months to make inquiries in Sydney and overseas in relation to the allegations against the 52-year-old.

Concert promoter and former reality TV star Phil Rankine (pictured with ex-wife Amity Dry on The Block) has had $5million theft charges against him dismissed

Given that request for more time, Judge Hribal said she was prepared to dismiss the charges.

‘Should more material come to light over the course of the next six months and the prosecution then decide they’ve got sufficient material to re-lay and take it to the director, that’s a matter for them,’ she said.

‘But it’s been before the court now for 11 months, a forensic accountant’s report was completed back in April.

‘I think that sufficient time.’

Rankine had faced 20 counts of taking property without consent with four of those counts aggravated.

The charges related to money he received from investors, both in Australia and overseas, in 2018 and 2019.

Rankine, who twice appeared on The Block home renovation show, faced Adelaide Magistrates Court on Tuesday where Chief Magistrate Mary-Louise Hribal ruled prosecutors had taken too long to advance their case 

The court heard previously that Rankine had falsely claimed he would bring international stars Elton John, Fleetwood Mac and Rob Thomas to Adelaide despite allegedly lacking the licence to promote them.

As a promoter, Rankine had previously brought major acts to SA including Lionel Richie, Bob Dylan and Bon Jovi.

On Tuesday, prosecutors told the court that investigators needed more time to go back to Sydney concert promoters to find out the framework around any agreements and contracts entered into with Rankine.

They said with some of the victims residing interstate and overseas it would also be necessary to speak with them again in relation to contracts and agreements that were signed.

They said while they were asking for another lengthy delay the matter was both complex and serious.

Her decision came after the court was told investigators would need another six months to make inquiries in Sydney and overseas in relation to the allegations against the 52-year-old. Rankine starred with ex-wife Amity Dry (pictured together in 2005) on The Block in 2003 and in the All-Stars edition in 2013