Saturday, March 25, 2023
USA Mirror
  • Login
  • U.S
  • Politics
  • Business
  • Entertainment
    • TV
  • Sports
  • Lifestyle
  • World
  • Health
  • Science
No Result
View All Result
  • U.S
  • Politics
  • Business
  • Entertainment
    • TV
  • Sports
  • Lifestyle
  • World
  • Health
  • Science
No Result
View All Result
USA Mirror
No Result
View All Result
Home World

CHIEF OF CROWN RESORTS RESIGNS AFTER MONEY LAUNDERING SCANDAL

Abhishek Verma by Abhishek Verma
February 16, 2021
in World
0 0
0
CHIEF OF CROWN RESORTS RESIGNS AFTER MONEY LAUNDERING SCANDAL
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

The CEO of the Australian casino group Crown Resorts has quit after a scandal regarding money laundering allegations within its casinos.

Mr Barton’s departure follows that of several other of the company directors.

RELATED POSTS

Know About The Power of Sanskrit Slokas on Trees 

Top 10 Oldest Languages In The World

Since an inquiry found Crown is not fit to hold a gaming licence in New South Wales, due to which they cannot start its newly built casino in Sydney.

The report has also shown some doubt over Crown’s casinos in different cities.

Crown company is majority-owned by an Australian billionaire James Packer. Moreover, it has previously avoided allegations of illegal activity for years at their casinos in Melbourne and Perth.

In her report, inquiry commissioner Patricia Bergin found that Crown had been facilitating money laundering. Also, exposing all the staff to the risk of detention in a foreign jurisdiction while pursuing commercial relationships with individuals connected to criminal groups.

She has recommended an overhaul of its governance, beginning with most of the board’s sacking.

‘Breath-taking lack of care.’

For over a decade, Mr Barton has been with the company, previously as a chief financial officer before becoming chief executive in 2020.

He has also been found in charge of two accounts which were embroiled in money laundering claims.

Commissioner Patricia Bergin found he had demonstrated a “breath-taking lack of care” when dealing with those allegations. Moreover, she advised New South Wales state regulators that he was not suitable for the role.

Crown announced Mr Barton’s departure on Monday in a statement to the Australian share market.

Executive chairman Helen Coonan said the company was taking “significant steps to improve our governance, compliance and culture”.

However, the inquiry’s bombshell findings have raised questions over the company’s future. On Monday, local media reported that WA’s chief casino regulator had resigned. Moreover, it was also revealed that he was friends with senior members of the Crown’s legal team.

ShareTweetPin
Abhishek Verma

Abhishek Verma

A geeky fan of videogames, football, books, and entrepreneurship!

Related Posts

Know About The Power of Sanskrit Slokas on Trees 

by Angella Nil
February 18, 2023
0

Sanskrit slokas about trees are especially meaningful because they remind us of the importance of trees in our lives. Trees...

Oldest Languages In The World

Top 10 Oldest Languages In The World

by Angella Nil
February 4, 2023
0

The oldest language in the world is a topic of debate among linguists and historians alike. It is difficult to...

Robbie Coltrane wearing a black suit posing on the red carpet.

Hagrid of the “Harry Potter” movies, Robbie Coltrane, has passed away at age 72

by Angella Nil
December 16, 2022
0

Robbie Coltrane, a renowned Scottish actor, best known for portraying the role of our beloved Hagrid in the "Harry Potter"...

Picture of Angela Lansbury

Disney legend and award-winning actress passed away at the age of 96

by Angella Nil
October 12, 2022
0

Dame Angela Brigid Lansbury, an award-winning actress and Disney legend, died at the age of 96 at her residence in...

COVID: US to open supply chain to work up vaccine production in India

COVID: US to open supply chain to work up vaccine production in India

by Abhishek Verma
June 3, 2021
0

India and the US have affirmed to work unitedly to begin supply chains for vaccines. It will also give access...

Next Post
Gwyneth Paltrow: I had Corona Virus

Gwyneth Paltrow: I had Corona Virus

Race to the top: Bezos Rises

Race to the top: Bezos Rises

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Misc
  • Politics
  • Science
  • Sports
  • TV
  • U.S
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • Home
  • Contact

© 2022 USAMirror.com

No Result
View All Result
  • U.S
  • Politics
  • Business
  • Entertainment
    • TV
  • Sports
  • Lifestyle
  • World
  • Health
  • Science

© 2022 USAMirror.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In