Friday, 5 November 2010
Nouveau World Wines Ltd and Finbow Wines Ltd: bail extended
Those arrested in connection with these two companies have been bailed until the last full week of March 2011.
Anyone concerned at the apparently slow progress of this investigation should be aware that investigations into alleged fraud are often lengthy, especially where it is necessary to obtain evidence from abroad. In this case the investigation needs evidence from Australia. I realise that for investors who have lost money the delay is frustrating but I would urge patience.