What generally happens in cases like these is that there are...

What generally happens in cases like these is that there are initial reports of shonky transactions and questionable dealings but then with little chance of recovering any assets, the investigations just die off.

Hopefully in this case, the liquidators apply for funding through ASIC and build a case against those involved.  

https://asic.gov.au/for-finance-pro...red-liquidator/assetless-administration-fund/