AUSTRALIA'S CORPORATE REGULATOR STARTS OFFICIAL PROBE INTO $2.3 BILLION BATHLA COLLAPSE

Australia's corporate regulator said on Tuesday it would launch an official investigation into the A$3.4 billion ($2.3 billion) collapse of Sydney homebuilder Bathla, as it ​steps up its scrutiny of the country's private credit funds.

Bathla's collapse has ‌raised questions about the role of Australia's fast-growing private credit sector, which has become an important funding source for developers as banks retreat from riskier property lending.

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