Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Former Star CEO Matt Bekier found liable for breaching duties; others cleared despite money laundering concerns.

flag In a landmark Federal Court ruling, former Star Entertainment CEO Matt Bekier was found to have breached his director duties, while other top board members, including John O’Neill, were cleared. flag Justice Michael Lee ruled ASIC failed to prove the others neglected their responsibilities despite allegations of ignoring money laundering red flags, such as cash deliveries in blue Esky bags and blocked CCTV. flag The decision may shape how directors rely on management reports. flag Star’s market value has collapsed, and the company faces potential Austrac penalties, with ongoing uncertainty about its ability to continue as a going concern.

22 Articles