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Obeid’s mates to repay gains

Geoff Winestock
Geoff WinestockEditorial writer
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Corrupt MP Eddie Obeid ’s family trusts and his business associates could be sued for profits made from his coal deals even if they themselves committed no crime.

Premier Barry O’Farrell on Tuesday introduced amendments to the Criminal Acts Recovery Act targeting cases where profits were made by someone who was not directly the perpetrator of a crime. The bill also clarifies that proceeds of crime might not be in the form of money but in the increase in the value of property.

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Geoff Winestock writes on News specialising in Politics, Economy, Policy. Connect with Geoff on Facebook and Twitter. Email Geoff at gwinestock@smh.com.au

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    Original URL: https://www.afr.com/politics/obeid-s-mates-to-repay-gains-20140226-ixph4