Trio : LMIM, a Comparison

The Australian Trio Superannuation scandal, alleged to be the largest Superannuation scandal in Australian history, involved $500m of assets, 6000 investors, was the subject of an Australian joint parliamentary inquiry and involved a fraud and theft of millions of dollars. The parliamentary committee, reporting to the government, concluded that the regulators, APRA and ASIC must take some of the blame for the slow response. The LMIM Managed Investment scandal, destined to be the largest of it's kind in Australian history, in comparison involves 12000 investors, A$750m of funds, alleged assets under management of A$1.3b displays breach of trust, fraud and bribery characteristics plus massive mis-selling across Asia, Europe and the Americas.

However Tony Abbot and his government have yet to acknowledge the seriousness of this debacle, failing to respond to LMIVC independent inquiry calls.

LMIVC continue to escalate requests for the OECD and G20 members working groups of infrastructure and investment, anti-corruption, corporate governance to acknowledge the deeply rooted Australian failings by admitting this debacle to working group agenda's across the G20 program.