Lawyers acting for the corporate regulator have accused the former board of Star Entertainment of being incurious, complacent and ignoring unacceptable risks despite reports inside the company that wads of cash were being delivered to the casino in cooler bags.
Ruth Higgins, acting for the Australian Securities and Investments Commission, told the Federal Court that Star’s former directors were “blind to questions of probity and with an eye only to credit risk” and had failed to “apply an inquiring mind” to their duties on the board.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
