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Court freezes LM Investment Management founder's assets

LM Investment Management founder Peter Drake has had his assets frozen and been forced to surrender his passport by the Supreme Court of Queensland following an application by the Australian Securities and Investments Commission (ASIC).

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Read more: DrakeASICLM Investment ManagementSupreme CourtQueenslandAustraliaAustralian SecuritiesInvestments CommissionLM Investment Management founder Peter DrakeMarch 2013ANZBentleysGoldMermaid Beach homeOctober 2013Paul UhlmannRegulatoryTracy KnightWilliam Fletcher