From invincible to fallen: How Grocon and Daniel Grollo came down to earth
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Four years ago Daniel Grollo was feeling invincible.
His Melbourne-based construction and development company Grocon had been named preferred bidder by Infrastructure NSW for Sydney’s sprawling Central Barangaroo development precinct, a deal the company expected to soothe the financial stress the storied builder had been suffering for about two years.
Grocon executive chairman Daniel Grollo.
Credit:Wayne Taylor
But a senior adviser to the group came to Grocon’s Melbourne office in the QV building off Lonsdale Street with a warning about speculation in property circles that could destroy his plans to turn the company around.
âWake-up callâ: Victoria humiliated by NSW Crown casino probe, says ex-minister
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âWake-up callâ: Victoria humiliated by NSW Crown casino probe, says ex-minister
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A former gaming minister says Victoria has been humiliated by revelations of money laundering at Crown Melbourne via a NSW public inquiry into the casino group, and the state needs a stronger gambling watchdog to ensure it does not happen again.
Tony Robinson, who was gaming minister in John Brumbyâs Labor government from 2007 to 2010, said he hoped Victoria was ânever again in a position where untoward things are happening under our very noses and it takes an interstate regulator to blow the whistleâ.