ASIC takes Merlin to court

THE Australian Securities and Investments Commission has asked the Federal Court to wind up suspended Australian Securities Exchange-listed diamond explorer Merlin and appoint liquidators after $13 million was loaned to a private company linked to controversial mining magnate and former Melbourne Football Club president Joseph Gutnick.

ASIC takes Merlin to court ASIC takes Merlin to court ASIC takes Merlin to court ASIC takes Merlin to court ASIC takes Merlin to court

Mining at Merlin's diamond mine in the NT

Gutnick is the chairman of Merlin Diamonds, which is developing the Merlin diamond mine in the Northern Territory.