ASIC revisits Rundle case
Following the Australian Securities and Investments Commission’s (ASIC) promise to take legal action on behalf of the WestpointGroup investors seeking compensation for their failed investments, the regulator has revisited the situation surrounding one of the group’s directors, Graeme Rundle.
The April 2006 court orders that froze Rundle’s assets and trusts have been extended along with the travel restrictions that were placed on him.
Apart from allowing him the ability to pay for living, legal and accounting expenses, the new orders freeze Rundle’s assets and any trusts associated with him, and generally prohibit any dealings with those assets.
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