Gutnick's Merlin faces wind-up 

THE lustre has been wiped from “Diamond” Joe Gutnick’s corporate ambitions – again – with the corporate regulator applying to wind up tiny Northern Territory gemstone miner Merlin Diamonds over claims tens of millions of dollars were funnelled from the miner to other Gutnick-linked companies as loans – and written off.

The Australian Securities and Investments Commission has been investigating the Melbourne-based Gutnick since last year over concerns some A$13.