No Evidence?

{Published on 19 November 2014}

The following document was provided to the Chairman of ASIC:

ASIC Chairman 19 November 2014

PR 19 Nov 14

The Chairman of ASIC, Mr Greg Medcraft, has claimed that Australia is a ‘Paradise’ for white-collar criminals – a statement he was forced to retract by the Acting Assistant Treasurer, Senator the Hon Mathias Cormann.

The victims of Australia’s Worst White-Collar Crime lodged a number of submissions with the Senate Inquiry into ASIC, but none were called as witnesses. Why was that?

The Senate Economics Reference Committee was deceived by ASIC Officers who falsely claimed that there was “No Evidence”, when the fraud against the widows and other beneficiaries can be proven by just two documents and an Act of the Parliament of South Australia.

After ASIC made no attempt to gather evidence of Australia’s Worst White-Collar Crime, copies of Genuine Deeds as well as copies of fraudulent documents were provided to ASIC.

However it appears this evidence may have been destroyed or “misplaced” by ASIC.

Nevertheless copies of all the evidence necessary to prove the fraud against widows of former employees of Elders IXL Limited and subsidiary companies has again been provided to ASIC.

Furthermore copies of transcripts of cases where the Courts have applied the principles of law required to lawfully amend the terms of a superannuation trust have also been provided to ASIC so that ASIC officers cannot misrepresent the law on the amending of Trust Deeds.

So will the Acting Assistant Treasurer be contacting the Chairman of ASIC for an up-date as to whether Australia is a “Paradise” for white-collar criminals, especially those with a prior conviction or who are known to the law enforcement agencies?