Cascade’s mysterious waters
Old sailors and English Lit majors will recognise the mysterious waters in which ICAC Commissioner David Ipp, QC, is sailing. Three weeks ago, counsel assisting ICAC, Geoff Watson SC, was all Herman Melville’s Moby Dick, chasing the great white whale of NSW corruption. Since then, Watson’s quarry Cascade Coal has become the Flying Dutchman.
Old sailors and English Lit majors will recognise the mysterious waters in which ICAC Commissioner David Ipp, QC, is sailing. Three weeks ago, counsel assisting ICAC, Geoff Watson SC, was all Herman Melville’s Moby Dick, chasing the great white whale of NSW corruption. Since then, Watson’s quarry Cascade Coal has become the Flying Dutchman.
In the course of a fabulous voyage, Cascade Coal almost turned a $1 million investment in a coal exploration licence into a $500 million windfall, while wiping away any unpleasant links that tied it to Labor Party powerbroker Eddie Obeid ’s family and their $60 million payout.
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