An inquiry will probe the proposed $1.76 billion sale of James Packer's stake in Crown Resorts to a Hong Kong businessman, whose father has alleged links to organised crime.
James Packer will be called to give evidence at an inquiry into the proposed sale of his $1.76 billion stake in Crown Resorts to a Hong Kong based casino operator.Mr Packer is prevented from doing business with Melco owner Lawrence Ho's father, Stanley Ho
Crown is prevented from starting any new business activities with 55 companies and five individuals under an agreement with the ILGA which includes Lawrence Ho's father, Stanley, and any of his associates. During opening statements, the inquiry was told Mr Packer would be called to give evidence at a later date and the inquiry would continue in late February.
Mr Bell said Stanley Ho had consistently denied allegations he is connected with organised crime and that he's never been convicted of a criminal offence."He has also pointed out that Melco Resorts operates casinos in Macau in competition with casinos associated with Mr Stanley Ho."
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