Australia’s corporate regulator, ASIC, has launched a criminal investigation into the former director of Zone RV, a caravan manufacturer that collapsed owing $42 million. The investigation centers on allegations the director acted recklessly or dishonestly leading up to the company’s failure. ASIC will examine the director’s conduct to determine if any criminal offenses were committed. Zone RV’s collapse left a significant number of creditors and customers facing substantial losses. The investigation aims to ascertain whether the director knowingly engaged in behavior that contributed to the company’s financial downfall. No further details regarding the specifics of the allegations have been released at this time. The outcome of the investigation could lead to criminal charges against the former director.