"The "investigations" of ASIC are really just so they can appear to be standing up for the supposed little guy - but in reality they aren't doing anything."
No they are not!
Centro Mgmt will be asked to explain many things, including how their annual accounts came to be issued with material discrepancies (later corrected). Subsequent to this it may be that individuals concerned will be investigated.
Underestimate ASIC if you wish however.
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