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ICAC called to investigate Huang's planning windfall

The NSW corruption watchdog has been urged to investigate a Sydney council's favourable planning decision for disgraced Chinese billionaire Huang Xiangmo as the Labor mayor defies growing pressure to stand aside.

The Australian Financial Review revealed on Wednesday Mr Huang’s Yuhu Group stood to make a $135 million profit from the redevelopment of Eastwood Plaza, which was put up for sale after final approval was granted in August.

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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Neil Chenoweth was a senior writer for The Australian Financial Review
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Email Edmund at edmundtadros@afr.com.au

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    Original URL: https://www.afr.com/politics/icac-called-to-investigate-huang-s-planning-windfall-20191030-p535qn