The Star disguised $900m to help high rollers gamble
The Star Entertainment Group disguised as “hotel expenses” some $900 million in transactions linked to Chinese high rollers to help them circumvent rules and access cash to gamble at its flagship casino in Sydney, a NSW inquiry has heard.
The inquiry also heard a Star senior manager “misled” the National Australia Bank when the bank queried the activities after China Union Pay (CUP), a financial services company, raised concerns about the “suspicious” transactions.
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