Federal Court finds former Star executives breached duties in money-laundering case
Federal Court Justice Michael Lee found former Star Entertainment chief executive Matthias Bekier and former lawyer Paula Martin breached their directors’ duties in a case brought by the Australian Securities and Investments Commission. The seven breaches carry a maximum penalty of just over AU$1 million each; ASIC said it was considering an appeal.
The court found directors’ duties were breached, while ASIC is considering an appeal.