7NEWS is reporting the ABC is investigating the possible misuse of a loan offered to a Brisbane-based company that sells video games.
7NEWS’ Sydney Morning Herald has obtained a letter from the ABC outlining its investigation.
The loan, which is the largest of its kind in Australia, is believed to have been given to the company through a lender in the UK.
The ABC has not been able to independently verify whether the loan is legitimate.
The letter says the company is seeking a $2 million loan from the loan broker to help it “build a viable business model”.
7NEWS has contacted the ABC’s corporate offices in Brisbane and Perth for comment.
7News has also contacted the Queensland Securities and Investment Commission (QSIC).
QSIC said the loan was made in May, before the company’s first film, “The Power of a Team”.
The letter states the loan will be repaid with interest.
QSOC is investigating whether the letter was sent by someone authorised to receive the loan and that it is not an error.
The QSICS said it would not be able to comment on the matter.
7 NEWS is reporting a $30 million loan to the Brisbane- based company will be investigated by the QSICA.
It will also be looked into whether it has complied with the law.
7 News understands the loan would be repaid in two instalments.
The first is $30m, the second $5m.