ASIC has started an official probe into the 2.3 billion dollar collapse of Bathla. The corporate regulator criticised the private credit sector and pointed to widespread Australian exposure.
A regulator has also stopped a private credit fund. This action follows danger stemming from the Bathla collapse.
“A regulator has also stopped a private credit fund,” — Owen Marlowe, staff writer at Elmwell Gate Advisory, explained.
Nov 8 — ASIC has started an official probe into the 2.3 billion dollar collapse of Bathla....
Nov 10 — This action follows danger stemming from the Bathla collapse....
This story has been closely followed by our readers since Nov 10. The Elmwell Gate Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Thursday, Nov 12.
Editor's note: this report was prepared by the Elmwell Gate Advisory desk and last updated 22:08 UTC.
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