The Queensland government has endorsed a casino owner's side venture with an associate of one of the world's most notorious gangsters.
The US government says 'Broken Tooth' Wan Kuok Koi is a leader of the 14K triad, one of the world's largest organised crime groups.An owner of Brisbane's new casino maintains business ties with a close friend of US-sanctioned crime boss "Broken Tooth" Koi.
This included an interest in a Macau company with a longtime friend and business partner of US-sanctioned crime boss "Broken Tooth" Wan Kuok Koi. The government has cited legal difficulties targeting CTFE over partners who were not currently doing business with a criminal, or whose criminal activities were only "rumour, suspicion or hearsay" prior to their arrest.
At the height of Macau’s deadly gang wars in the 1990s, Mr Ao Ieong was a director of the crime boss' “charitable foundation”.in 2017 for his role in organised crime across Asia and the Pacific, including bribery, corruption and misappropriation of state assets. This led the Queensland regulator to conclude CTFE had a "legitimate business association" with Mr Ao Ieong.
"It's about having associations with people of good standing in the community and those kinds of people generally don't have yum cha with gangsters."Ten months before Chow Tai Fook moved to cut ties with Alvin Chau, a NSW casino inquiry declared he was "clearly" linked with organised crime groups.
In 2019, Star's board of directors was handed a due diligence report from the Hong Kong Jockey Club, which stated that Australian Federal Police suspected Suncity was laundering up to $2 million a day. "On that basis, the investigation did not substantiate any motive for CTFE to intentionally conceal that business association from OLGR."
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