Did Exiled Billionaire Fund Australia’s Labor Party With Star Casino?

Written by :

C Costigan

Published on :

15 December, 2019

Did Exiled Billionaire Fund Australia’s Labor Party With Star Casino?

An exiled businessman out of China, Huang Xiangmo, is accused of dodging his tax obligations. The Australian Taxation Office (ATO) has been probing the nation’s casinos to determine if he had any money in accounts held by the venue.

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An account tied to the figure at Sydney’s The Star casino saw a sizeable withdrawal that preceded a donation of the same amount to the New South Wales Labor Party.

According to the Sydney Morning Herald, AU$100,000 (US$68,840) was withdrawn on April 3, 2015. The action was flagged by the casino as “suspicious” and had been conducted by a business manager working for Huang’s Yuhu property development company. Upon cashing out, the individual left in an Audi that was also shown to be registered to Yuhu Investment Holdings.

Then, six days later, the Labor Party received a donation equaling that amount.

Read More by clicking on the tweet below.