The page you are looking for is temporarily unavailable.
Please try again later

Money The mystery of the missing $1 million from an Australian property trust

14:40  29 november  2017
14:40  29 november  2017 Source:

Mystery of golf's much-missed Masters

  Mystery of golf's much-missed Masters The future of the Australian Masters golf tournament remains unclear almost 20 months after owners IMG scrapped the event from the summer calendar.Two big weeks are about to get underway on the home scene as Jason Day makes a rare appearance at the Australian Open in Sydney, where world No.2 Jordan Spieth will defend his title from Thursday.

About $ 1 million belonging to the Aurora Property Buy-Write Income Trust has gone missing . NOW WATCH: Money & Markets videos. Want to read a more in-depth view on the trends influencing Australian business and the global economy?

Property . The whereabouts of up to million in gold and cash also remain a mystery following the failure of a business allegedly at the centre of the controversy, burning investors, self-managed super funds, and more than a dozen gold traders.

a group of people walking down the street© Provided by Business Insider Inc About $1 million belonging to the Aurora Property Buy-Write Income Trust has gone missing.

The Aurora Funds Management Limited (AFML) discovered at the weekend that the money appears to have been taken from that trust's bank account without "proper authority".

The fund manager, specialising in absolute-return strategies for high net worth, retail and institutional investors, says it believes "the perpetrator" acted alone.

The matter has been referred to the Victoria Police and the corporate regulator, ASIC, is also being notified.

"Aurora confirms that it has appropriate insurance cover in place and also expects to take recovery action against the alleged perpetrator as soon as practicable," the funds manager said in a statement.

Missing 4yo girl likely with mother: AFP

  Missing 4yo girl likely with mother: AFP The public is being urged to help locate a four-year-old girl, Alia Bugsby Goble, who went missing in April and may be with her mother.Alia Bugsby Gorge is likely with her 43-year-old mother Tarryn Leigh Corlet, said Australian Federal Police on Tuesday as it made a public appeal.

l Up to £3 million was unaccounted for, as financial experts discovered mystery employees and companies which did not exist; l More than £ 1 million was spent as ‘petty cash’ over two 'I'm the queen of bare-knuckle fighting': Australian Great British Sell-Off: Mary Berry slashes £150,000 off

A tragedy is sweeping over Japan at a steady pace. Hundreds of thousands of young men are turning their backs entirely on society and real life. They are choosing instead to lock themselves away, usually in their bedrooms, for years. They literally enter their rooms and refuse to leave. The phenome.

"Although AFML’s investigation is continuing, at this stage the board has no reason to believe that there has been any other unauthorised withdrawal of money from any other fund managed by AFML."

Betty Poon, the fund manager's Chief Financial Officer, has been terminated effective immediately. A replacement is being sought.

The Aurora Property Buy-Write Income Trust invests in leading ASX listed property securities.

Developer Matthew Hyder and wife lose stoush with McGrath over $9.4 million mansion .
The listing by McGrath real estate advertised private off-street and driveway parking, but after handing over $9.4 million for the Bellevue Hill property, the buyers found trucks parked outside.Texan property developer Matthew Hyder stood by the pool in the lush garden of a Bellevue Hill mansion and considered buying it.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!