Shadow Assistant Treasurer Stuart Robert has called on the Australian Securities and Investments Commission (ASIC) to launch an investigation into Greywolf Resources.
Dozens of Australians lost their hard-earned savings by investing in the purported mining exploration business, which was said to have tenements and leases for land containing precious gems, gold, coal, and other minerals.
Mr Robert's calls were backed by Finance Minister Katy Gallagher, who said Assistant Treasurer Stephen Jones was looking at the issue.
