• Sign up to receive the top stories in Australia every day at noon“The orders were sought by Asic due to concerns about the solvency and lack of management of the companies,” Asic said. Nant, the company running the whisky barrel investment scheme, began fobbing off investors who had expected to get their cash out when the barrels reached maturity after four years. One investor, who had a child with a disability, put the family’s entire nest egg into the cattle scheme. Meanwhile, the Nant whisky business was sold to Australian Whisky Holdings in March 2017. Banking commission is worthless without alleged victims | Lindsay David Read moreThe chain of Nant whisky bars Batt opened in Brisbane, Melbourne and Hobart to offer whisky tastings and prime angus steaks have also closed down.

Source: The Guardian April 17, 2018 06:56 UTC