Westpac claws back more money in Bill Papas fraud chase
Westpac is intent on clawing back every dollar it can, with its financial bloodhounds slowly closing in on another asset of the two fraudsters who made off with $500m.
Margin Call
All is far from Bonza as the bust airline sparks credit card lawsuit
More than $775,000 is owed to the customers of financially crashed ocker airline Bonza and now its credit-card processor has joined the line-up of lawsuits against the parent company.
Gupta puts shutdown blame on South32
Ore supply issues? Or payment problems? Embarrassment as Sanjeev Gupta blames South32 for Liberty Bell Bay smelter shutdown even as manganese ore supply returns.
Markets boss has assets frozen amid $1.4m fraud allegations
A mystery car, putting green and false sick leave claims are at the centre of freezing orders against the former CEO of Sydney Markets.
Fortescue shuts US plant paid for with a tasty American grant
The gas has well and truly escaped from hydrogen-loving Fortescue which has shut a newly opened US plant after pocketing a lucrative financial incentive of almost $18m to set up there.
Technically speaking, has James sent Zuck packing?
He’s officially one of Australia’s biggest tech investors so when James Packer pulls his cash from Mark Zuckerberg’s Meta and Jeff Bezos’ Amazon it’s worth asking why.
Crowning glory a suite befitting a banking king, or CEO at least
As ANZ chief Nuno Matos rolls the dice on which side of the Yarra to live, he’s doing it from the comfy confines above Australia’s swankiest casino.
I’ll play ball with the books if the court orders it, pledges NBL boss
If the NBL is happy to release its financial affairs to club owners on receipt of a court order, why hasn’t it done so without one?
Bear necessities: new WA NRL club’s name a hot mess
It’s a little hard to bear. NRL’s return to WA is causing headaches for a long-established Perth social club catering to the gay community which is at pains to distance itself from the franchise.
Will Bowen chase Fortescue to repay green grants worth millions?
Fortescue’s now mothballed Gladstone electrolyser factory was a veritable sponge for federal and state green grants worth $60m. So will the federal and state governments ask for a refund?
Hanwha bails on China joint venture as Austal talk refloats
There’s a long list of items before the Foreign Investment Review Board but the trickiest could be South Korean Hanwha if it makes another tilt at navy shipbuilder Austal.
New ASX corporate gig puts extra cash in Cats coach’s kitty
As if life as an AFL coach weren’t busy enough, Cats coach Chris Scott has added another job to his busy schedule – this time as a director with an ASX-listed company.
Forrest and Benali lobby UK on Moroccan energy supplies
A year on from their Parisian encounter, Andrew Forrest and Leila Benali are both pushing Moroccan renewable energy on the UK government – but not quite at the same time.
Fundraising dinner proves its pulling power again
Anybody who is anybody was there for the University of Melbourne’s famed Faculty of Business and Economics centenary dinner. But there was one glaring exception.
Waltzing Matilda as former midfielder firms for soccer’s top job
Former Matilda Heather Garriock and Tottenham’s Scott Munn are contenders to head Football Australia while exiting James Johnson is tipped to be heading for a lucrative offshore posting.
Czech heavyweight on top in Callide C struggle
Czech energy tycoon Pavel Tykač has emerged as half-owner of Callide C, and that spells more trouble ahead for state-owned utility CS Energy.
Missing Melbourne Cup cash mystery runs dead
Prize money paid out to 2024 Melbourne Cup winning trainers Sheila Laxon and John Symons has been traced to a suburban accounting firm but is yet to be recovered.
Israeli President’s glowing praise for NSW Premier
Isaac Herzog’s warm letter of gratitude to NSW Premier Chris Minns also delivered a finger in the eye to Anthony Albanese.
Tabcorp’s ‘future of wagering’ play a long shot
Tabcorp chief executive Gill McLachlan’s grand vision for live sports-betting in pubs and clubs fell at the first fence in Victoria and still has hurdles to jump in NSW.
Former GS banker joins the battle against Geminder’s creep attack
A year on from Raphael Geminder’s embarrassing failure to buy out his beloved Pact Group, the rich-lister finally looks set to get his way. Unless a new rival can stop it.
Billionaire sues over missing $4m speedboat
Crypto billionaire Andrew Budzinski’s been cruising some pretty choppy legal waters of late but grab something to steady yourself because he’s suing in the US over a $4m powerboat he wanted.
Moot point: Jabiluka case a waste of money, except for the lawyers
A bunch of high-priced lawyers will do battle in court over the future of the Jabiluka uranium mine. And the entire thing will be a complete waste of time and money.
Tale of two cities: could L1 Capital boss be eyeing move abroad?
Raphael Lamm says he intends to step away from L1 Capital management to focus on stock picking if it successfully merges with Platinum Capital. Pish posh.
Rio error hands Palliser big win in AGM stoush
Rio Tinto’s investor relations team handed a major AGM vote victory to activist hedge fund Palliser Capital – at least in the miner’s first draft of history.
Fortescue dragging the chain in IP fight
A Federal Court judge has taken a swing at Andrew Forrest’s Fortescue, suggesting its lack of legal urgency over the case against two of its former execs could see her into retirement.
At last, Gupta’s GFG files some financial accounts
Sanjeev Gupta has finally filed some overdue accounts — and while they’re not the ones everyone is really interested in they still offer a revealing insight into the way his empire works.
Larry Kestelman’s exclusive NBL player travel deal stirs hornets nest
The controversial NBL chair continues to stir the pot, this time with an exclusive travel deal for the players and staff involving a company he partially owns. One league owner went ballistic and bounced from a group call, unleashing laughter from others.
Packer siblings part ways over charity fund
After a decade of bestowing philanthropic largesse on many a worthy cause, Margin Call hears the Packer Family Foundation run by James and sister Gretel is being wound down.
Holmes a Court laments attacks on women, unless they’re Liberal
Teal benefactor Simon Holmes a Court bemoans attacks on women in politics which is a bit rich when his social media posts are writ large with tirades against those on the conservative side.
Court orders handover of suitcase full of cash seized from NDIS developer
When police raided the house of failed NDIS developer David McWilliams, they found a suitcase containing $112k in ‘casino winnings’. Now it’s been handed to ALAMMC group’s receiver.
Original URL: https://www.theaustralian.com.au/business/margin-call/page/2