ASIC freezes belongings of Enterprise Egg’s Ferras Merhi | Australian Markets
The Australian Securities and Investments Fee’s (ASIC’s) investigation into the Protect Grasp Fund has taken one other flip with the regulator efficiently having the Federal Court docket freeze the belongings of Melbourne financial adviser, Ferras Merhi of Enterprise Egg and FSGA.
The regulator additionally introduced it had frozen the belongings of Osama Sadd, a former director of Aus SUper Examine Ltd and Atlas Advertising, one other entity related to the Protect Grasp Fund.
ASIC introduced that following an software made by ASIC, the Federal Court docket has made interim orders freezing sure belongings of Ferras Merhi.
The assertion stated ASIC is investigating Merhi and numerous entities related to him, in reference to its investigations regarding sure managed investment schemes together with the Protect Grasp Fund.
It stated the investigations are ongoing.
ASIC stated it’s investigating Saad, and numerous entities related to him, in reference to its investigations regarding sure managed investment schemes together with the Protect Grasp Fund. These investigations are ongoing.
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