Investors in a series of hotels and care homes - some of which were never built - have moved a step closer to finding out what happened to millions of pounds they handed over to financier Gavin Woodhouse.
The High Court has given accountants powers to find out what happened to money invested in Northern Powerhouse Developments, the firm behind the proposed Afan Valley Adventure Resort, as well as other companies controlled by the same businessman.
Gavin Woodhouse was also behind firms that promised to build care homes but an investigation by ITV News and the Guardian newspaper revealed that little work had been carried out.
The judge granted interim powers to the accountancy firm Duff & Phelps.
The Welsh Government had been enthusiastic about the Afan Valley project, with the Economy Minister, Ken Skates, appearing in a publicity video.
Today, First Minister Mark Drakeford was questioned about it in the Senedd by the Plaid Cymru leader, Adam Price.
There'll be a full court hearing at a later date, when the judge is likely to decide whether to put the businesses into formal administration.