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Several of Chau’s companies in Australia, including the Suncity Group, had a former PricewaterhouseCoopers partner, Stanley Brogan, as a director. Official sources not authorised to comment publicly say ACIC investigations into Cheng allege he is involved in “orchestrating large-scale money-laundering activity in Australia and the sourcing and distribution of heroin both in Hong Kong and overseas”. Anti-money-laundering agency Austrac, which also has a representative on the ACIC board, warned last year in a heavily redacted report that high-roller operations were also suspected of funding foreign interference operations.
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The massive upgrade in Australian sharemarket earnings expectations since July could face a reality check as companies update their guidance this month. The superannuation giant’s $250 billion flagship vehicle is realigning its equities holdings, with Telstra and critical minerals companies the big winners. Dom Pym, who made his fortune selling Up to Bendigo and Adelaide Bank, has raised $10 million from investors including the Commonwealth Bank for his debut VC fund.
The Interactive Gambling Act 2001 (IGA) is the primary federal legislation governing online gambling. To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. While we don’t verify specific claims because reviewers’ opinions are their own, we may label reviews as “Verified” when we can confirm a business interaction took place.
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