BACKGROUND
MFS Ltd was a publicly listed company with interests in financial services, travel and leisure and child care businesses.
MFSIM was an unlisted public company and wholly owned subsidiary of MFS Ltd (now in Liquidation). MFSIM was the responsible entity for six unlisted managed investment schemes, including the PIF and the Maximum Yield Fund (‘MYF’). MYF is also relevant to the current civil penalty proceedings.
The PIF was an unlisted managed investment scheme which offered investments to retail and wholesale investors through a product disclosure statement.
Editor's note:
This release was amended on 21 October 2013 to update the list of defendants and insert references to proceedings commencing 4 November 2013.
OCV
octaviar limited
