the soft underbelly of the regulator

June 14, 2013 - 5:39PM Michael West

'There are mates’ deals and there are mates’ deals.

The recent revelations by Jeff Knapp from the University of NSW that the corporate regulator produced an accounting relief order for Kagara on the same day the application was received exposes the soft underbelly of the Australian Securities and Investments Commission – its conflicts of interest.'

Very interesting reading
Full article
http://www.canberratimes.com.au/business/the-soft-underbelly-of-the-regulator-20130614-2o8nd.html