ASIC potentially misled Senate committee: Trio investor
Comments made by members of the Australian Securities and Investments Commission (ASIC) relating to the collapse of Trio Capital, may have potentially misled Senators, a former Trio investor claims.
In a letter to members of the Senate Estimates and Oversight committee, John Telford, said ASIC had failed to focus its investigation on the factors behind the collapse.
"Like the PJC (Parliamentary Joint Committee) investigation into the collapse of Trio Capital, ASIC was content to remain focused only on the collapse," Telford said.
"It can be argued that the focus on the collapse took the focus off the causation of the collapse."
Telford also claimed that ASIC had supported the "politicisation of Trio", saying the investigation of the collapse "should have been put into the hands of the police and away from political opportunism".
AUTHOR
Nicholas O'Donoghue
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