As the inquiry into the Star casino draws to a close, here’s a question: where did all the laundered money go?
Did the millions, possibly billions, of cash ‘washed’ through Star casino end up being spent on property, helping push up already record houses prices, or was it invested into cash intensive businesses, such as bars and nightclubs, or into goods such as luxury cars or jewellery? Ditto the money laundered through casinos in Melbourne and Perth.
The Star inquiry, like the inquiries into Crown’s Perth and Melbourne casinos, has focused on the question of the suitability of the company to retain its licence, and whether it enabled money laundering, organised crime, fraud and foreign interference.
