St. John Hibble

A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.

After losing a travel ban application against a Melbourne businessman as part of a probe into a failed investment fund, ASIC is now seeking freezing orders over his assets.

Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.