Background Briefing - Abc Rn

Peter Daly projects confidence and success. He wears gold rings, gold cufflinks, and a gold watch. The market, he says, is his backyard and he knows it "damn well". But the 59-year-old is actually in a world of trouble. The corporate watchdog, ASIC, accuses his network of companies of mismanaging funds, misleading investors, and breaching the Corporations Act. Against the advice of his public relations team, Mr Daly agreed to an interview with Background Briefing. Reporter Mario Christodoulou investigates.