ASIC takes action to wind up five land banking companies and to disqualify officers from managing corporations
ASIC has started legal action in the Federal Court in Melbourne to wind up companies associated with two land banking schemes operated in Victoria and to disqualify Michael Grochowski and Ian Edward Stephens from managing corporations. The two land banking schemes are known as: Hermitage Bendigo (formerly Acacia Banks ) located at Midland Highway, Bagshot, …
