Crown Resorts' ex-chairman Robert Rankin could be referred to ASIC over his failure to protect the company's staff in China, and his decision not to tell his co-directors that James Packer threatened a businessman over a soured takeover deal | pwhatch
Crown Resorts' former chairman Robert Rankin could be referred to the corporate watchdog over his failure to protect the casino giant's staff in China, and his decision not to tell his co-directors that James Packer threatened a Melbourne businessman over a soured takeover deal.
However, Mr Aspinall revealed on Wednesday that Mr Rankin had refused to give evidence to the Independent Liquor and Gaming Authority inquiry, which has the same powers as a royal commission and is considering whether Crown should keep the licence for its new Sydney casino.
Mr Aspinall said a referral would be on the basis that "Mr Rankin, as the chairman of a public company, failed in his obligations of due care and diligence to alert the full board of the need to elevate its concerns for its staff in China to a significant risk and to act accordingly to protect them from arrest by the Chinese authorities".
Mr Rankin’s absence from the inquiry has been a source of speculation, with current and former directors and senior executives at Crown asked about their relationship with Mr Rankin and when they last spoke with him.
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