Missing businesswoman Melissa Caddick's bank accounts contain less than $6,000, court hears

| 22.02,21. 12:34 PM |

Missing businesswoman Melissa Caddick's bank accounts contain less than $6,000, court hears

Melissa Caddick was last seen in November.(Supplied)

Bank accounts in the name of missing Sydney businesswoman Melissa Caddick contain only $5,600, a court has heard.

Provisional liquidators and receivers have now provided reports on the 49-year-old's assets to the Federal Court of Australia, after she went missing in November.

Her disappearance came soon after the corporate watchdog, ASIC, raided Ms Caddick's Dover Heights home over allegations her financial services firm, Maliver, was operating without a licence.

Investors are now attempting to recoup the millions they handed over to Ms Caddick.

ASIC's barrister Stephanie Fendekian today told the Federal Court the asset reports were "hundreds of pages long".

"It's clear from the reports that, on any view of it, there will be a significant shortfall between the amount of investor claims and the assets of the defendants," she said.

"The receivers have indicated that as at 15 February, 2021, there was approximately $5,600 of cash in bank accounts held in Ms Caddick's name."

The majority of Ms Caddick's assets are in her name, rather than Maliver, and include real estate, shares and luxury goods, Ms Fendekian said.

Most clients invested with Maliver and a small number invested with Ms Caddick directly, Ms Fendekian said.

She told the court ASIC had "examined" Ms Caddick's husband, Anthony Koletti, and her brother Adam Grimley under the ASIC Act.

A house
Melissa Caddick left her Dover Heights home in November and hasn't been seen since.(Supplied)

The watchdog has also undertaken voluntary interviews with investors, reviewed documents seized during the November raid and begun taking statements from witnesses.

Ms Caddick and Maliver are no longer legally represented for the Federal Court proceedings.

In December, the court heard investors had handed over "approximately $13.1 million" to Ms Caddick.

Court documents have shown more than $20 million was withdrawn into Ms Caddick's direct investment account over nearly three years.

A NSW Police missing persons investigation is continuing alongside ASIC's own inquiries.

Commissioner Mick Fuller has said publicly he believes the 49-year-old is still alive.

Mr Koletti has previously made a public plea for help finding his wife.

The case will return to court in April for a two-day hearing.

abc



(Votes: 0)

Other News

Government to escalate Facebook feud by pulling advertising spend potentially worth millions of dollars Third woman alleges she was sexually assaulted by person accused of raping Brittany Higgins Teenage boy dies after midnight smash in Brisbane's south Man charged after shooting ex-girlfriend's boyfriend, police allege Mentally-ill man jailed for stabbing NSW police officer at Sydney's Central Station Brittany Higgins to make formal police complaint about alleged rape at Parliament House Sunnybank siege ends peacefully after police negotiate with armed man for more than 24 hours Former NSW Premier Barrie Unsworth leads team buying Sydney home once owned by Gough Whitlam ‘Concerning’ hostage may go all night Teenage boy in serious condition after Blacktown stabbing Facebook unrepentant as Prime Minister dubs emergency services block 'arrogant' Twin property developers, real estate agent charged over alleged $14m fraud attempt Cumberland Park, Adelaide: Woman dies after crashing into parked car Details of Australian coronavirus vaccine rollout announced, including locations for first jabs Siege continues at Sunnybank home in Brisbane's south as police talk to armed man Suspected human bones found on South Australian beach Worldwide backlash against Facebook's ban on Australian news Young teenage girl allegedly sexually assaulted underwater at Middle Brighton Pier Family hold fears for nine-year-old schoolgirl missing in Queensland Man crushed by rubbish chute while working on construction site A man has been seriously injured in a stabbing at a Sydney train station Teenage boy hit by car in Sydney's north-west Indigenous man 'in disbelief' after NSW police officer acquitted of assaulting him in custody Treasurer Josh Frydenberg describes agreements between Google and news publishers as 'good deals' Victoria's snap 'circuit-breaker' coronavirus lockdown to end tonight, some restrictions to remain فيكتوريا تسجل حالتين مكتسبتين محليا مع دخول الإغلاق يومه الرابع حادثة اطلاق نار تؤدي الى جرح ممرضة في مستشفى أوبرن Police believe Auburn drive-by shooting is linked to gang war between rival Sydney crime families Missing woman may have fallen asleep in skip bin police say Man dies following farm explosion at Fieldstone, in Melbourne's outer west