Business
Walls are closing in on Packer and Crown as pressure piles on – Sydney Morning Herald
Crown Resorts’ woes are cascading, its share price is collapsing and the wealth of its major shareholder James Packer is shrinking.
Crowns AUSTRAC issues look potentially more problematic. The number of breaches will be significantly smaller but anyone who has been watching the Crown inquiry will have heard Commissioner Patricia Bergins repeated questions about Crown “turning a blind eye” to red flags on money-laundering and her inquisition about the shell companies used by the casinos to camouflage international customers gaming activity.
AUSTRACs investigations may not go to hapless ineptitude. If the questions at the inq…
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