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Two recent officials to be hauled before the courts are Zhou Yongkang, a senior figure in the Communist Party who is being investigated for bribery and abuse of power. He was kicked out of the party last December and has had 90 billion yuan (AUD19 billion) in assets seized.
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Earlier this week it emerged the major bond investors are concerned about the level of debt the company is notching up. This mounting debt, coupled with a desire to borrow more cash to fund various projects, has caused investors to reassess the financial risk posed by Crown.
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“We’re hoping to avoid damage to the racing industry by raising our key concerns with the NSW Government before the changes are enacted,” Conroy told Racing.com.
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