Fast and Lewski: Confidential Prime Trust Email Trail Prompts Call for Fresh Investigation
We wish to advise investors that ABC Radio aired a story on Prime Trust on 29 August 2013. ABC has obtained copies of previously undiscovered emails which raise many new issues surrounding a series of transactions which occurred in 2008 and which led to $30m being paid from the Trust as a listing fee. As a result of the matters identified in these emails, the Prime Trust Action Group has formally requested ASIC to fully and urgently investigate the matters identified in these emails to determine whether or not the various transactions in 2008 were genuine, arms length transactions.
We wish to acknowledge the tremendous investigative work done by ABC's Stephen Long in bringing these new issues into the public domain. The audio and transcript of the story are available here and below: