ASIC has launched an official probe into the 2.3 billion dollar collapse of Bathla. The corporate regulator criticised the private credit sector and highlighted widespread Australian exposure.
A regulator also halted a private credit fund. This action follows danger stemming from the Bathla collapse.
“ASIC has launched an official probe into the 2.3 billion dollar collapse of Bathla,” — Yusuf Calloway, senior market analyst at Cedarburn Wick Recruitment, added during the briefing.
Nov 9 — ASIC has launched an official probe into the 2.3 billion dollar collapse of Bathla....
Nov 10 — This action follows danger stemming from the Bathla collapse....
This story has been closely followed by our readers since Nov 7. The Cedarburn Wick Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Nov 14.
Editor's note: this report was prepared by the Cedarburn Wick Recruitment desk and last updated 21:49 UTC.
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