In addition to investigating its solvency and potential recoverability of assets, provisional liquidators appointed to the 12 companies associated with Christopher Malcolm Edwards will have 10 weeks to determine if there were suspected contraventions of the Corporations Act or the ASIC Act.
Since September 2021, the Australian Securities and Investments Commission (ASIC) has investigated the management and financial affairs of Edwards’ companies, particularly the allegedly significant and unsecured interest-bearing liabilities that exceed the companies’ known assets.
Financial records obtained by ASIC recorded that, as of January 2026, the companies had raised a total of about $182 million from investors, who the regulator…