ASIC backflips on criminals' paradise comments

By Georgia Wilkins
Updated October 23 2014 - 3:23pm, first published 2:28pm
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton
"This is a bit of paradise, Australia, for white collar," ASIC boss Greg Medcraft said on Tuesday, before hosing down his comments a day later. Photo: Ben Rushton

The head of the corporate regulator has backed away from comments he made that described Australia as a "paradise" for white-collar criminals.

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