Federal Court orders five companies involved in two land banking schemes, including Hermitage Bendigo, be wound up

Emma D'Agostino
Updated July 30 2018 - 5:22pm, first published 5:00pm
The Federal Court found it was 'just and equitable' to wind the five companies up for their roles in the operation of two land banking schemes. Image: SHUTTERSTOCK
The Federal Court found it was 'just and equitable' to wind the five companies up for their roles in the operation of two land banking schemes. Image: SHUTTERSTOCK

ASIC has urged investors to exercise caution as the repercussions of two real estate investment schemes, including one based in the Bendigo suburb of Bagshot, linger.

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Emma D'Agostino

Emma D'Agostino

Journalist

Covering general news and Bendigo council.

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