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Income Asset Management Uncovers $1.5m Fraud, Resumes ASX Trading
9:29am on Monday 22nd of September, 2025 AEST
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Financial Services
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Income Asset Management Uncovers $1.5m Fraud, Resumes ASX Trading
9:29am on Monday 22nd of September, 2025 AEST
Key Points
Approximately A$1.5 million fraudulently transferred to former employee
Client assets remain secure with current custodian, unaffected by fraud
Investigation involves forensic accountants and multiple regulatory authorities
Potential restatement of FY25 accounts under auditor review
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Income Asset Management (ASX:IAM)
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