c_own_di_ecto_gave_no_thought_to_ho_link [Big OTAWA Book]

Controversial billionaire businessman Stanley Ho was meant to have no involvement in Crown Resorts or its proposed new Sydney casino.

But a Crown board director gave no thought to that when Mr Ho's son, Lawrence Ho, 메리트카지노주소 agreed to buy one fifth of the company. Advertising guru Harold Mitchell, a Crown director since 2011, told an inquiry on Friday he “never thought in one aspect at all about Mr Stanley Ho in all of this”. The NSW gaming regulator 카지노사이트주소 is investigating whether Crown is suitable to operate a new casino at Sydney's Barangaroo, 우리카지노 partly becaus

tr on. Mr Mitchell agreed that he knew the prohibition on dealing with Stanley Ho was a condition of the Barangaroo licence and that it was “very important” to ensure those undertakings were met but said he assumed lawyers would have

sed al. The inquiry has been told previously that other Crown directors did not look closely at Stanley Ho's interest in Melco Resorts, which acquired Crown shares from the private company of majority shar

Jam er. Subsequent to the dealings, Macau casino mogul St

di ay. The Sydney inquiry has exposed serious issues in Crown's corporate governance, including important information not reaching the board and a profit-driven culture

to sk. Mr Mitchell said on Friday he did not know the company had staff on the ground in China before they were arrested and detained over alleged violations of loca

amb ws. He insisted the company's bonus system for executives, which rewards strong financial performance, did not encourage people to conceal i

in on. Mr Mitchell also conceded he took no steps to investigate two bank accounts alleged in media reporting last year to have been used for money laundering, assuming that managemen

nve ng. “It is the curiosity of the directors to look at these things that is necessary, isn't it?” inquiry commissioner P

Ber ed. Counsel assisting the inquiry, Scott Aspinall, quizzed Mr Mitchell on whether he was a truly

ent or. Mr Mitchell relayed how Kerry Packer loaned him $9 million after Mr Mitchell's investment in Queensland's Big Banana went south amid the e

0s on. “What was I thinking, what was I thinking? Never invest in things you know nothing abou

itc id. The other shareholders had “disappeared into the banana fields” leaving Mr Mitchell liable for loans worth $32 million,

th ry. Kerry Packer, a friend, heard Mr Mitchell was in financial trouble and 메리트카지노주소 offered him a no-strings-attached loan, which M

ll even repaid. Mr Packer's son James later appointed Mr

l to th board. But Mr Mitchell denied on Friday that he felt he owe

cker fa favour. He also denied a court's findings that he breached his Tennis Australia directors' duties by sharing information with a third party meant

d quit board. Crown is being examined for its fitness to operate the new casino amid allegations it partnered with controversial “junket operators” which

s to or crime. James Packer gave evidence over three days earlier this week, describing involvement in the inquiry as “a terribly painful and shocking experience for the b

it has or me”. The inquiry is due to continue on Monday, with Crown board member and former AFL boss Andr emetriou to e evidence.