Australia Watchdog Probes Bathla as Private Credit Flaws Persist

AI Summary

Australia’s corporate regulator has opened an investigation into insolvent Sydney property developer Bathla Group. The probe comes as regulator surveillance found that poor practices remain widespread in the country’s A$250 billion private-credit industry.

Australia’s corporate regulator has opened an investigation into insolvent Sydney developer Bathla Group as its latest surveillance showed that poor practices persist in the country’s A$250 billion ($172 billion) private credit industry.