Two Star Executives Penalised for Corporations Act Breaches
En resumen
- Former Star Entertainment Group executives Matthias Bekier and Paula Martin have been penalised for breaching the Corporations Act.
- Justice Michael Lee imposed fines of $700,000 and $400,000 respectively, along with disqualification orders of six and seven years.
Resumen generado por IA
Por qué importa
Two former executives of The Star Entertainment Group Ltd (Star) have been handed penalties for breaching the Corporations Act, specifically their duties in handling risks associated with money laundering and criminal activity.
Two former executives of The Star Entertainment Group Ltd (Star) have been handed penalties for breaching the Corporations Act.
Today, Justice Michael Lee found three contraventions in respect to Matthias Bekier and three contraventions in respect to Paula Martin.
Justice Lee made a disqualification order of six years in relation to Mr Bekier, and seven years in relation to Ms Martin.
In relation to Mr Bekier, the court imposed a fine of $700,000, and in respect of Ms Martin, $400,000.
Earlier this year the Federal Court found that the two former senior executives of The Star Entertainment Group Ltd (Star) breached their duties in relation to their handling of the risks associated with money laundering and criminal activity at one of Australia’s major casinos.
The court found that Star’s former Chief Executive Officer and Managing Director, Mr Bekier, and former Chief Legal & Risk Officer, Ms Martin, contravened the law by breaching their duties owed to Star under section 180 of the Corporations Act 2001.
Preguntas abiertas
- Will further executives face penalties?
- What further impact will this have on Star's operations?
