A Proper Investigation

{Published on 17 November 2014}   PR 17 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? 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. It is a contempt of the Senate to provide false and misleading evidence to a Senate Committee. The Acting Assistant Treasurer, the Hon Mathias Cormann has a power pursuant to Section 14 of the ASIC Act 2001 to compel ASIC to undertake a proper investigation which involves obtaining copies of the genuine Deeds that have been criminally concealed from the members and beneficiaries of an occupational pension fund established in 1913. So will the Acting Assistant Treasurer allow a well known white-collar criminal with a prior conviction for dishonesty to triumph yet again? Or will the widows at long last receive their survivorship pensions and other beneficiaries their lawful retirement and retrenchment benefits? Their fate is in the hands of the Acting Assistant Treasurer. The Acting Assistant Treasurer by his own actions or inactions will confirm if Australia is in fact a ‘Paradise’ for white-collar criminals.