Business
Crown’s former chairman may face prosecution – but first he needs to be found – Sydney Morning Herald
It isn’t yet a scalp, but the possibility of Robert Rankin being prosecuted by ASIC is likely to send a shiver down the spines of other Crown directors.
For his part Rankin looks to have exercised a fatal error of judgment in messing with the commission of inquiry.
In a stunning close to its interrogation of Crown directors, counsel assisting Scott Aspinall suggested commissioner Patricia Bergin could recommend Rankin be referred to the Australian Securities and Investments Commission for breaches of Corporations Act.
He did so on the basis that Rankin failed in his obligation of due care and diligence to alert the Crown board of the need to elevate…
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