Melissa Caddick’s death investigation does not feel responsible, inquest told

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Melissa Caddick’s death investigation does not feel responsible, inquest told

The corporate watchdog's lead investigator on Melissa Caddick's alleged Ponzi scheme told an inquest that she does not feel responsible for the accused fraudster's death.

Ms Caddick vanished in November 2020, hours after the Australian Investment and Securities Commission ASIC and the Australian Federal Police AFP raided her Dover Heights home in Sydney's eastern suburbs.

The inquest heard that Ms Caddick is accused of defrauding investors of between $20 million and $30 million.

An inquest into the 49-year-old's suspected death today heard evidence from ASIC investigator Isabella Allen, who described the conduct of those involved in the 12 hour search as a professional The court previously heard Ms Caddick's husband, Anthony Koletti, and her mother have raised concerns about possible mistreatment during the raid.

Under questioning from her own counsel, John Sutton, Ms Allen was asked to respond to complaints of negligence or cruelty.

The inquest was told by Ms Caddick's brother Adam Grimley, Ms Allen asked in June 2021 how it felt being responsible for Melissa's death. Do you feel responsible for Melissa's death? Mr Sutton asked.

I was not doing my job, said Ms Allen.

Ms Allen rejected allegations that she had purposely spoken to enemies who had sworn revenge on Ms Caddick.

The court heard that ASIC commenced an investigation into the alleged fraud on September 8, 2020, after preliminary inquiries were made as a result of two complaints.

Ms Allen said that one of Ms Caddick's investors, Dominique Ogilvie, provided information after she learned that Ms Caddick was purportedly using someone else's financial services licence.

She said Ms Ogilvie, who had withdrew her funds, took part in a phone interview on September 14 and was told she could still speak freely to Ms Caddick, but was not to reveal the contents of her conversations with ASIC.

The inquest has heard that around the same time, Ms Caddick texted an employee asking about a document shredding company, Shred-X, and booked its services.

Ms Allen said that they were aware of the Shred-X contact and aware that something may have been shredded.

ASIC determined that the Shred-X contact was not because Ms Caddick had been tipped off, she told the inquest.

The regulator learned of the shredding issue after it obtained telecommunication data AFP Constable Amelia Griffen, the executing officer of the search, said Ms Caddick was told she was able to roam freely around the Dover Heights mansion, get food or drink and go to the bathroom during the raid.

She agreed with the suggestion that there were no signs of distress or frustration exhibited by Ms Caddick or Mr Koletti.

The witness said there were no tears and the feeling was of almost professional calmness or resignation. The court has heard Mr Koletti's concerns have most prominently been expressed through his musical endeavours The inquest, before Deputy State Coroner Elizabeth Ryan, and Mr Koletti is expected to be a witness this week.