Melissa Caddick’s missing $25m
The long-awaited report into the financial affairs of Melissa Caddick reveals that she allegedly misappropriated around $25 million of investors’ funds.
However, the heavily-redacted report has been greeted with
disappointment by investors who say “nothing’s been answered”.
“It doesn’t reveal a lot we don’t already know,” said one of
those owed a considerable amount of money by Ms Caddick. “The report is so
heavily-redacted it’s hard to make any sense of it,” said another who added
that “it doesn’t say where the money’s gone.
The two-part report has been provided to investors by Bruce
Gleeson and Daniel Soire: the partners of insolvency firm Jones Partners, the
court-appointed provisional liquidators. The first part of the report was into
Ms Caddicks’s financial affairs and the other into her company Maliver,
investors told the Herald.
According to the report, Ms Caddick used Maliver as a
money-laundering vehicle. “Money went in [to the company] and then money went
out,” said one of the investors.
Meanwhile, police divers have postponed a planned search off
Dover Heights, intended to narrow down what might have happened to Ms Caddick,
while remains found in Mollymook have been confirmed as a man missing for one
month.
A police spokeswoman told the Herald on Wednesday afternoon
the divers did not go in due to the sea conditions and Marine Area Command will
make an assessment each morning, starting again on Thursday.
A hazardous surf warning from the Bureau of Meteorology is
in place until at least midnight, spanning from the Hunter Coast down to the
Eden Coast.
“Surf and swell conditions are expected to be hazardous for
coastal activities such as rock fishing, boating, and swimming,” the warning
states.
On Tuesday, police determined the human remains found at
Mollymook Beach on the NSW South Coast last Friday did not belong to Ms Caddick
or a 39-year-old snorkeler missing from the Batemans Bay area.
In an update on Wednesday, police said the remains belonged
to a 37-year-old man reported missing from Ingleburn. He was last seen at an
ATM in Kiama about 1.30pm on February 1 after catching a train to the coastal
town.
The DNA profile of the remains was compared against
hereditary and genetic mapping in the NSW missing persons database.
The man’s final movements will continue to be investigated
however police said his death is not being treated as suspicious and a report
will be prepared for the coroner.
Ms Caddick’s badly decomposed foot in an ASICS running shoe
was found at Bournda Beach, near Tathra, on February 21.
The 49-year-old disappeared from her Dover Heights home in
Sydney’s eastern suburbs in mid-November.
“Scientists were able to extract DNA from the foot and match
it to a sample of DNA that we had already obtained from a toothbrush belonging
to Melissa and from her relatives,” NSW Police Assistant Commissioner Mick
Willing said last week.
Remains were also located at a beach at Cunjurong Point
about 5.40pm on Saturday, and Warrain Beach, Culburra about 10.45am on Sunday.
Officers established a crime scene at each location. DNA
testing on both samples continue.
Another set of remains, found at Tura Beach on February 27,
“have been deemed to be animal”.
Ms Caddick was last seen by her husband in the early hours
of Thursday, November 12. Two days prior, on November 10, ASIC obtained orders
in the Federal Court freezing Ms Caddick’s bank accounts and properties and
preventing her from leaving the country.
The following day AFP officers arrived at her house to
execute a search warrant on behalf of ASIC. Documents tendered in court have
since revealed that Ms Caddick allegedly misappropriated millions of dollars
from her clients.
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