The corporate regulator’s pursuit of Storm Financial, a poster-child of Australian investment disasters in the global financial crisis, cost taxpayers $56 million, expenditure documents reveal.
It was one of the largest bills in the Australian Securities and Investments Commission's enforcement history and was bulked out with hiring lawyers in complex, long-running investigations.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
