Australia’s corporate watchdog is investigating what happened to $18 million in loans that saw money flow from publicly listed companies controlled by mining magnate Joseph Gutnick to a private company that he was also closely involved with.
The Australian Securities and Investments Commission has confirmed to The Age and Sydney Morning Herald that it is investigating loans involving the Gutnick-chaired Merlin Diamonds, whose shares have been suspended from trading since October, and a private company called AXIS Consultants.
old news .. whats new about it ..nothing new to get your teeth into .. where t did the $20 mill from AVQ go ??
ASX and ASIC would have a field day looking into AVQ inter company dealings and magna and chinese walls between AUL and AVQ goes on and on
Stuffed like a pig..with diamond stuffing..all old news all well and truly washed thru the age onwards and upwards
ASIC investigating the missing $18 million story broke less than 24 hours ago.
I feel sorry for any newbs that well known TS scumbag Sandune sucked into this scam.
give them a lead to avq,,even better