An inquiry has heard that a high roller spent $11 million on a Chinese debit card in one day at Sydney's Star casino.Philip Dong Fang Lee told the inquiry he used China UnionPay cards to spend millions at The StarThe inquiry previously heard China UnionPay cards were only allowed to be used for non-gambling expensesIt has previously heard that cards issued by the China UnionPay bank were only allowed to be used for non-gambling expenses, under an agreement with the bank.
Today, high roller property developer Philip Dong Fang Lee told the inquiry he would spend millions in a day at the casino. "Is it right that on at least one occasion at Star you swiped your China UnionPay card on multiple occasions in very close proximity to each other debiting $900,000 at a time?" Ms Sharp asked.The inquiry heard that Chinese-born Mr Lee is an Australian citizen and has lived in NSW for more than two decades.
Mr Lee said he was initially told there was no limit on the money he could spend on the China UnionPay cards, and he was never warned about taking out too much, although a limit was later placed on the card.
Gee i hope he got a lot of frequent flyer points with that
More Money laundering through Australian Casino’s
Casinos are money laundering operations. The government has always known that.
A looser Chinese high roller gambles $11m at a Sydney casino? You have got to be joking. That is pathetic.
Money laundering…happening every day. Image how much dirty money is in Australian property.
He was also presented a statement in English which he had signed, saying his cash chequing limit had changed from $12.3 million to $23.3 million. This statement was dated the same day as his $11 million spend.
Still money laundering for the PRC?
Not a good day- Kerry Packer lost 15 million in one day at Randwick.