Thousands of Australian investors who ploughed millions into illegal fundraising outfit Astra Resources will have to seek recourse in Britain after a court ruling.
Liquidators from Grant Thornton’s London office last week secured orders from Federal Court judge Richard White for a single liquidation process operated out of England.
Astra Resources a British company with operations in Adelaide was placed in liquidation in Britain earlier this year after a petition from Credit Veritas over unpaid retainer fees of $US600,000.
In May the two founders of Astra Resources Jaydeep Biswas and Silvana De Cianni were both banned from being company directors for 12 years for illegally raising …
Read the full article at: http://www.smh.com.au/business/no-australian-liquidation-for-astra-resources-20161009-gry404.html
