{"id":206,"date":"2024-06-18T15:47:29","date_gmt":"2024-06-18T12:47:29","guid":{"rendered":"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/"},"modified":"2024-06-20T17:02:41","modified_gmt":"2024-06-20T14:02:41","slug":"asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up","status":"publish","type":"post","link":"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/","title":{"rendered":"ASIC Sues Former and Current Star Entertainment Directors for Alleged Money Laundering Cover-Up"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Lc9YHvoP4pI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Australian Securities and Investments Commission (ASIC) has initiated a significant legal action against eleven past and present board members and high-level managers of Star Entertainment Group, a prominent Australian casino enterprise.  The crux of the matter?  ASIC asserts that these senior officials, including former chairman John O&#8217;Neill and current chairman Ben Heap (who intends to contest the allegations), opted to prioritize financial gains over accountability. <\/p>\n<p>Rather than tackling evident warning signs regarding money laundering hazards, the board purportedly permitted Star to foster and broaden associations with persons suspected of having links to criminal syndicates.  This inaction, ASIC posits, constitutes a violation of anti-money laundering regulations and a grave failure in corporate oversight. <\/p>\n<p>The legal proceeding specifically identifies individuals such as Matthias Bekier, Kathleen Lahey, Richard Sheppard, Gerard Bradley, Sally Pitkin, and Zlatko Todorcevski, who held board roles between 2017 and 2019.  ASIC further contends that Bekier, along with former company secretary Paula Martin and former chief casino officer Greg Hawkins, disregarded the perils linked to conducting business with Suncity Group, a major entity in the Asian gambling sector known to have drawn scrutiny.<\/p>\n<p>By electing to maintain its profitable alliance with Suncity despite the reported unlawful affiliations, ASIC claims that Star&#8217;s management faltered in its obligation to operate with honesty and diligence. The regulatory body maintains that board members were informed of these apprehensions but neglected to undertake suitable measures, raising serious doubts about their dedication to ethical business conduct. <\/p>\n<p>The Star Entertainment Group acknowledged the civil penalty action brought by the Australian Securities and Investments Commission (ASIC) in a public statement. The company confirmed its awareness of the proceedings, which target several current and former board members, along with one past executive. <\/p>\n<p>At the heart of the lawsuit are claims of breaches under the Corporations Act 2001 (Cth), particularly section 180(1). These alleged infractions stem from matters previously scrutinized in New South Wales and Queensland. Those inquiries, helmed by Adam Bell SC and Robert Gotterson AO KC respectively, uncovered significant shortcomings within the organization. <\/p>\n<p>Included in the current board members facing legal action are Ben Heap and Katie Lahey. Both individuals voiced their backing for the board restructuring initiative revealed earlier this year. They also affirmed their plans to resign once new directors are in place and a seamless handover is guaranteed.<\/p>\n<p>This legal maneuver comes shortly after a substantial $100 million AUD penalty levied against Star Entertainment Group by the Queensland government last week. This sanction stemmed directly from &#8220;grave deficiencies&#8221; identified in their casino operations, further damaging the company&#8217;s standing and compounding its mounting legal woes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Securities and Investments Commission (ASIC) has initiated a significant legal action against eleven past and present board members and high-level managers of Star Entertainment Group, a prominent Australian casino enterprise. The crux of the matter? ASIC asserts that these senior officials, including former chairman John O&#8217;Neill and current chairman Ben Heap (who intends [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Star Entertainment Execs Sued: Did Profits Trump Ethics? | ASIC Investigation<\/title>\n<meta name=\"description\" content=\"Eleven former and current Star Entertainment bigwigs, including John O\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASIC Sues Former and Current Star Entertainment Directors for Alleged Money Laundering Cover-Up\" \/>\n<meta property=\"og:description\" content=\"Eleven former and current Star Entertainment bigwigs, including John O\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Join the Ultimate Online Casino Adventure | Licensed &amp; Secure\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T12:47:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:02:41+00:00\" \/>\n<meta name=\"author\" content=\"Grace &quot;Gypsy&quot; Campbell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Grace &quot;Gypsy&quot; Campbell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/\",\"url\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/\",\"name\":\"Star Entertainment Execs Sued: Did Profits Trump Ethics? | ASIC Investigation\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoleobonuscode.icu\/#website\"},\"datePublished\":\"2024-06-18T12:47:29+00:00\",\"dateModified\":\"2024-06-20T14:02:41+00:00\",\"author\":{\"@id\":\"https:\/\/cryptoleobonuscode.icu\/#\/schema\/person\/56a9df7c306613134de8e4e29f6e2d92\"},\"description\":\"Eleven former and current Star Entertainment bigwigs, including John O\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoleobonuscode.icu\/2024\/06\/18\/asic-sues-former-and-current-star-entertainment-directors-for-alleged-money-laundering-cover-up\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/cryptoleobonuscode.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASIC Sues Former and Current Star Entertainment Directors for Alleged Money Laundering Cover-Up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoleobonuscode.icu\/#website\",\"url\":\"https:\/\/cryptoleobonuscode.icu\/\",\"name\":\"Join the Ultimate Online Casino Adventure | Licensed &amp; Secure\",\"description\":\"Discover the latest trends and opportunities in online gambling with our fresh casino news, in-depth game reviews, and informative insights. 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