The boss of iProsperity, Michael Gu, whose company collapsed owing $325 million, is accused of laundering millions through Crown and Star casinos - and offered a job to a man who was a manager at both.
The boss of iProsperity, Michael Gu, whose company collapsed owing $325 million, is accused of laundering millions through Crown and Star casinos - and offered a job to a man who was a manager at both.
Canberra office market runs hot with two more sales worth $190m plus afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Intrigue surrounds a sudden unexplained rush on shares in casino owner Aquis Entertainment, with the price rocketing as much as 3180 per cent in a week.
CEO Allison Gallaugher said Aquis was as baffled by the share price rise as anyone else. We don t know of any reason - there are no unannounced plans or information that anyone could be speculating on, she said on Friday. We can only assume things at the moment, but that s just us guessing. Ms Gallaugher said Aquis was reviewing the trades daily, but its investigations were limited by delayed data, as share sales don t settle until three days after they are traded. It appears most of the volume is day trading, so people are buying and selling on the same day and we can t see who they are, she said.