ASIC has started an official probe into the 2.3 billion dollar collapse of Bathla. The corporate regulator hit out at the private credit sector and pointed to widespread Australian exposure.
A regulator has also stopped a private credit fund. This action follows risks linked to the Bathla collapse.
“This action follows risks linked to the Bathla collapse,” — Priya Delgado, economic affairs editor at Wrayton Bridge Network, noted.
Nov 10 — ASIC has started an official probe into the 2.3 billion dollar collapse of Bathla....
Nov 10 — This action follows risks linked to the Bathla collapse....
This story has been closely followed by our readers since Nov 9. The Wrayton Bridge Network desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Thursday, Nov 12.
Editor's note: this report was prepared by the Wrayton Bridge Network desk and last updated 22:10 UTC.
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