Hundreds of millions believed laundered through $2 shell company at Crown Perth

  • 📰 abcnews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 83%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

International criminal organisations are believed to have been using a $2 shell company to launder money at Crown Casino Perth from at least 2014.

International criminal organisations are believed to have been using a $2 shell company to launder money at Crown Perth from at least 2014.Money flowed from shell company Riverview Investments to Crown PerthAs the bombshell report of the NSW inquiry into casino operator Crown has outlined, the company called Riverview Investments Pty Ltd was the conduit for hundreds of millions of dollars to Perth's monopoly casino.

Commissioner Patricia Bergin said in her report that Riverview and a similar company called Southbank, which channelled money to Crown Melbourne, were "infiltrated and exploited by criminal elements, probably including international criminal organisations" since at least 2014. Commissioner Bergin found Riverview and Southbank had been infiltrated and exploited by criminal elements.

ASIC records show Riverbank Investments Pty Ltd is a $2 company owned by Crown Resorts Limited, with Crown Resorts chief executive Ken Barton its sole director and company secretary Mary Manos its secretary.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is anybody surprised.

If it's proven, rather than 'believed' then it's time for authorities to shut down Crown, and ban the owners and managers responsible from ever operating gambling (and many other types of) businesses ever again.

And in breaking news - the sun will rise in the east and set in the west today

At a casino 😱... who would’ve thought organised crime and money laundering would happen at a place like this

Happy to help out any colourful racing (or other industry) identities by having hundreds of millions syphoned through my accounts, for a small fee 😑. PM me...

The words 'Probably, believed to have' in these allegations don't inspire confidence that any of it is true. 🤷‍♂️🤦‍♂️

Canada Canada Latest News, Canada Canada Headlines