
FMA targets Perpetual over $25 million loan
The Financial Markets Authority has criticised Pyne Gould Corporation subsidiary Perpetual over $25 million of related-party loans to the Torchlight Fund, while voicing concern at their slow repayment.
The Financial Markets Authority has criticised Pyne Gould Corporation subsidiary Perpetual over $25 million of related-party loans to the Torchlight Fund, while voicing concern at their slow repayment.