SP1 0.00% $1.07 southern cross payments ltd

Ann: Letter to Shareholders, page-70

  1. 4,317 Posts.
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    Excuse it this is in the wrong thread. Noted Austrac and others unable to find any know reasons for Crown transferring $500,00 to a known drug dealer and failing to report it as required and also the Private Crown Star room high roller having fairly clear criminal links to the point Hong Kong Jockey Club banned the Gent crown is partnering with and directly involved withCrown Resorts executive authorises transfer to drug trafficker
    "The former director of intelligence at Austrac, Todd Harland, said the $500,000 transfer displayed clear indicators of money laundering - taking dirty money and making it look clean."

    Add "Austrac, the anti-money laundering agency which helps uphold money laundering laws but which has failed to take any meaningful action against Crown." and ASX and ASIC missing in action still has me wondering how they can overlook multiple clear issues at a Casino and jump on ISX which even if all allegations were true would be a minor error not criminal actions which may result in Jail time.

    Sun city NSW shut the high roller junkets in August 2019. Crown did not. ASIC, ASX and Austrack all Missing in action or scared to touch a packer? Either way focus on ISX appears to me to be more than pick on a soft target by ASX while they ignore a clearly known issue impacting on shareholders of Crown.

    "And sources with knowledge of the situation have confirmed that Suncity’s fixed high-roller room at the Crown casino in Melbourne’s Southbank will also be closing as a result of the company's retreat." (08/2019) was clearly misinformed.

 
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