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.
The only comment I would make is that i would hope that ALL people involved in the setting up of this company and responsible for the disgraceful lack of morals when dealing with 'clients' money are all brought to justice. Not just the named directors but the other 'shady behind the scenes' individuals who are certainly just as responsible.
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