Corporate cop investigating $3b collapse of major Sydney builder
Monday, November 9, 2026 · first reported by smh.com.au
ASIC has begun a formal investigation into the Bathla Group, the western Sydney developer that failed in August with debts above $3 billion. Commissioner Simone Constant confirmed the step as the regulator released a review of 24 private credit funds.
The review found some advisers directing as much as 87 per cent of a client's money into private credit, and some funds moving large sums to related parties. On Monday, ASIC barred Angas Securities from taking in new money for two of its funds for 21 days, citing disclosure concerns that included exposure to Bathla.
- Firm
- ASIC
- Also named
- Bathla
- Asset class
- Credit, Real estate
- Geography
- Asia-Pacific
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Coverage
1 source- Australian regulator blocks two private credit funds over investor disclosure concernsPrivate Equity Wire +6
- Australia Watchdog Probes Bathla as Private Credit Flaws PersistBloomberg
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