Melissa Caddick’s investors have lost nearly $ 25 million, according to a redacted report on her financial affairs, as police continue to search for her body.

An investor confirmed to Guardian Australia that a report provided by court-appointed interim liquidators Jones Partners contained the figure, which is almost double the early estimates provided by corporate regulator Australian Securities and Investments Commission.

Investors were warned before receiving the report that publishing or commenting on it publicly could constitute contempt, as the case between Asic and Caddick remains in federal court. The figure of $ 25 million in the report was first reported by the Sydney Morning Herald.

The report provided information on how Caddick spent the money, the investor said, but urged the court to appoint Jones Partners as liquidators and receivers so they can investigate her further. and his company Maliver than was possible on an interim basis.

Caddick went missing in November, hours after Asic and Australian Federal Police raided his $ 6 million home in the exclusive Sydney suburb of Dover Heights.

Last Friday, it was confirmed that a decomposed foot found in a shoe on February 21 in Bournda National Park on the south coast of New South Wales matched Caddick’s DNA.

Asic alleges the 49-year-old embezzled millions of dollars in investor funds through Maliver, the financial services company she operated without a license.

She was believed to have signed with clients to manage their investments, while secretly transferring their money to her bank accounts to fund her own luxurious lifestyle.

In court documents, Asic previously claimed that more than 60 people were believed to have lost around $ 13.1 million investing with Caddick. But lawyers for some investors who have done their own analysis have claimed this year that $ 25 million has been lost and even that “it could be an extremely conservative assumption.”

A search for Caddick’s remains near her home was due to take place on Thursday, with harsh conditions preventing divers from entering the water earlier this week.

Police assessed conditions on Wednesday but determined it was too dangerous for divers to enter the water.

Police also confirmed on Wednesday that several sets of remains found at a number of beaches on the south coast did not belong to the woman.

The discovery of the foot last month was followed by other stranded remains nearby, but these findings do not match Caddick’s DNA. Analysis of the remaining remains continues.

with Australian Associated Press