March 15, 2024

Watchdog eyes ex-ASIC chief

Documents released under Freedom of Information reveal the NACC was considering a complaint against former ASIC deputy chair Karen Chester in November last year.

Mayfair 101

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The Australian
National anti-corruption investigators have taken legal advice over one of the corporate regulator’s top commissioners, with the public watchdog considering a probe after a...
Mayfair 101
Ms Chester directed the campaign against Mayfair 101.
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The Australian
The Australian understands the NACC was reviewing a complaint relating to concerns over Ms Chester’s behaviour while deputy chair at ASIC.
Mayfair 101
570 Australian investors have been impacted by ASIC's actions which were led by Ms Chester. It will be interesting to see if the NACC opens an investigation and if other whistleblowers will come...
Clarification

Mayfair 101

Melbourne, Australia

Mayfair 101 is an investment group which was targeted by the Australian Securities & Investments Commission in 2020 on a misconceived basis. At the time 570 Australians had subscribed for $211 million of debt instruments offered by the group. This triggered 20+ legal proceedings, hundreds of millions of dollars of damage, and left Mayfair 101's lenders without payments for nearly 4 years. Mayfair 101 is committed to protecting its clients against the mistaken actions of the regulator.

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