Latest article from AFR's Liam Walsh:
https://www.copyright link/companies/financial-services/shadow-director-probe-in-pirate-fund-business-20201221-p56pbg#:~:text=Liquidators%20have%20launched%20a%20courtroom,shadow%20director%20and%20overvalued%20assets.
Looks as though liquidators are finally confirming what we've all known for a long time.