Business
Packer’s CPH sent secret Crown forecasts to Melco before $1.7b sale – The Sydney Morning Herald
James Packer’s private company sent confidential Crown Resorts financial forecasts to Hong Kong group Melco Resorts as they were negotiating the sale of a 19.9 per cent stake in the Australian casino giant for $1.7 billion.
Counsel assisting the inquiry Adam Bell, SC, asked if Mr Johnston saw “even the potential conflict of interest in you suggesting positive amendments to financial forecasts whilst at the same time your company is involved in negations to sell its Crown resorts shares?”
“Given that I was not inputting into the pricing discussions, no I didnt,” Mr Johnston said. “I was just commenting on this in the same way that I would comment on… any other budget process.”
Mr Barton, who is now Crown’s chief…
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