I just enjoy reading it all over again; go Senator, tell Greg it ain't over! ======================= ASIC drops Wellington probe 26 Apr 2013, 5:22 AM
The Australian Securities & Investments Commission (ASIC) has dropped its investigation into Wellington Capital and its Premium Income Fund, saying allegations against Wellington cannot be proved in court, according to The Australian.
Wellington had been alleged to have made an unlawful transfer of property assets to Asset Resolution and was accused of hiring 200 actors to influence the outcome of an extraordinary general meeting.
“Prior to commencing proceedings, there needs to be sufficient evidence to prove allegations of misconduct in a form that is admissible in court,” ASIC wrote to a Premium Income Fund unit holder, according to The Australian.
“Other than the Asset Resolution transaction appeal, ASIC has concluded its investigation and, on the basis of the information obtained to date, has decided to take no further action.” ========================
As ASIC tells me above, there will be no joy in getting any compensatory crumbs from Dgenny.
In lieu, I started preparing my own catalogue for a fire-sale of WC/MFS memorabilia I held onto tightly but now must part with as times are getting leaner. Item below is a sample; slightly used in selected stabbings of faces in my MFS/WC folder. Other items of interest: Golf shirt with Kooralbyn logo size M, Golf Ball inscribed MFS from ladies tournament mounted on attractive podium, Various MYF, Water Fund, etc promotional pamphlets with 9%, 8.5% return rates in original not faded colours, and so on.
Priceless Nostalgia! Will be posting bidding dates soon.
Cheers,
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