CWN 0.25% $12.09 crown resorts limited

Ann: Response to Media Reports-CWN.AX, page-6

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  1. 5,575 Posts.
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    Having lived and worked in China for 10+ years I can tell you once they take you to detention your absolutely *ed, once they take you in your guilty best case you pay a massive fine and get some money in the right hands.

    In a case like this thought that won't happen it's too high profile no one is going to lose their head touching money in a case like this, China is entering a new critical period for xijiping to consolidate his power and push for another 5 years, alot going on in the next 12months I would say this is motivated by domestic politics.

    Crown has no doubt facilitated the illegal transfer of funds out of China before you gasp in horror and claim it's not so, it's just the way business is done in China I can point you to all the biggest real estate agencies in Australia who help do exactly the same thing, it's the only way to move money out, a blind eye is turned to it until they want something like in this case.

    If I had to guess the government wants to know who what when and how, they are probably after the son of someone they want to take down and crown has been caught in the cross fire, best case huge fine workers sent home and crown is done in China.

    Bad bad news no one with money from China will step foot inside the crown for the next 5years, no more $500k a hand Chinese high rollers at the crown.
 
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