Perth doctor pleaded with Labor MP to repay loan to fund daughter’s disability support

A Perth doctor who lent the family of WA Labor MP Jagadish Krishnan $300,000 pleaded with the parliamentarian for almost three years to pay back the outstanding loan so that he could use it to fund his daughter’s disability support services.

This masthead has obtained a contract from December 2023, which shows the sum being loaned by the doctor – who asked to not be identified due to his family’s personal circumstances – to the Krishnan family.

Subsequent emails, seen by WAtoday and 9News, show the doctor and his wife pleading with Krishnan to repay the money, with the outstanding amount causing their family “immense distress”.

“Myself and my wife already have to go through stress on a daily basis because of our daughter’s disability,” an email from the doctor to Krishnan from May 2025 read.

“On top of this, the money issue has added to the distress and we are not able to sleep peacefully.

“You said yes 100% will return in 1 month max. But it’s been 1 year and 1 month now and I haven’t got the money back yet,” the email claims.

In reply emails, Krishnan repeatedly promised to pay back the sum, which currently remains unpaid.

The WA Labor MP has not responded to multiple requests for a response from 9News and WAtoday.

The freshly revealed contract adds to concern already surrounding Krishnan’s financial dealings.

This masthead revealed the MP was being sued in a US court for $1 million over an alleged unpaid debt – a claim he has vowed to fight, and which led him to file defamation action in the WA Supreme Court against the New York businessman behind the loan.

Lawyers also sent Krishnan a letter of demand on behalf of a Perth-based conglomerate for almost $2 million.

The Perth doctor who loaned the Krishnan family $300,000 claims the parliamentarian came to his home in November 2023 to ask him to invest in a software product.

When the doctor refused to invest, Krishnan allegedly instead requested the loan, promising to repay the sum with a 12 per cent interest rate that would be paid quarterly.

Krishnan’s wife, Yaamini Jagadish, signed as guarantor to the loan on 11 December and, in emails seen by this masthead, has also promised to pay the loan.

The loan was secured three days after Roger Cook appointed Krishnan as his right-hand man, promoting him to Parliamentary Secretary to the Premier.

Some of the interest accrued from the loan has been paid back to the Perth doctor, but the principal amount has not.

“I was told again and again and again that it would be paid back within six months, but it never was,” the doctor told this masthead.

“We feel like we have no choice now. We are considering our legal options.”

In email replies from Krishnan’s personal Gmail account, the MP repeatedly promises to “make arrangements” to clear the debt.

“Sincere apologies for all the stress caused,” Krishnan wrote in early May 2025.

“Will get the first transaction sorted today … will also organise the 300k and interest balance within a month.”

However, with the debt unpaid, the doctor and his wife’s pleas became more desperate.

“This is causing immense stress with each passing day,” an email from the doctor to Krishnan in late May 2025 read.

“I have waited long enough,” another email from the doctor’s wife the following month said.

“This has caused immense stress on myself and my family.

“If we don’t receive the balance … in the next five days, I will have no other option than to get an appointment with the minister for women [Simone McGurk].”

The couple then threatens to also raise the issue with Disability Services Minister Hannah Beazley.

He also made a $60,000 donation to the Labor Party in December 2024 ahead of the 2025 state election.

In emails to Krishnan in September, the Perth doctor said the situation had caused “immense stress” for his family, and that they needed the money repaid “urgently”.

On Monday, and not speaking about the $300,000 allegedly owed to the Perth doctor, WA Premier Roger Cook conceded the member for Riverton was dealing with large debts.

“There is a range of discussions that are going on with Dr Jags at the moment,” Cook said.

“He’s assured me that his financial arrangements are being resolved, and I look forward to that being the case.”

Krishnan is also accused of accepting thousands of dollars worth of luxury gifts from the high-flying Wall Street businessman who is now suing him in New Jersey.

He also took out a high-interest $1 million loan against his Mosman Park home in 2024.

That loan was refinanced to $330,000, with an interest rate of up to 40 per cent per annum, according to Landgate documents.

Krishnan is awaiting proceeds from last week’s sale of the GP business he cofounded, Spectrum Health Group.

The sale is understood to be $47.5 million; after bank loans are paid, Krishnan is expected to receive approximately $8.5 million.

Krishnan, Cook and Deputy Premier Rita Saffioti have all said in the past fortnight that the Riverton MP’s business-related debts would be resolved as he transitioned out of Spectrum Health.

“All dealings will be closed in all businesses on full settlement due end of November,” Krishnan said last week.

“All members of Parliament have personal financial issues that they’re required to disclose when that’s required under the rules of Parliament and obviously, we all understand that Jags’ company is in transition,” Cook said on Monday.

“My understanding is that that’s in the final stages of being resolved.”