Things go from bad to work at Star

ShareCafe04-18

The second Star inquiry in Sydney has gone from bad to worse, to what the heck, after it was halted on Wednesday, Day 3 of the first week of the new probe.

The reason, it seems, is the company producing a host of documents on its former chief financial officer, Christina Katsibouba, who testified on Tuesday and claimed senior executives tried to cover up the $3.2 million theft from a cash out machine in May and June of last year.

The appearance of the documents from Star saw inquiry head Adam Bell SC suspend the inquiry and demand an explanation from the company as to why these documents were only now appearing.

Media reporters there said he warned the company could be in breach of the Royal Commissions Act.

He halted the inquiry to allow lawyers to try to find out the nature of the documents apparently linked to Christina Katsibouba and for an explanation as to why they were only now being released.

The shares traded between 41 and 42 cents for most of Wednesday. They ended unchanged at 42 cents.

Meanwhile, Bendigo and Adelaide Bank announced that its chair, David Foster, had "requested a temporary leave of absence from the Bendigo and Adelaide Bank Board” without saying why.

Foster, who is also chair of Star and under pressure at the second inquiry, stepped aside.

Bendigo said that Vicki Carter has been appointed Interim Chair of the Board effective yesterday.

The bank said she joined the board in September 2018 and has over 30 years’ experience in the financial services and telecommunications sectors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2428580727?lang=en_US&edition=fundamental","thumbnail":"https://informed-investor.s3.ap-southeast-2.amazonaws.com/images/News/4e9aeab7731e177d376efdbdf8e2f278bd346dbf.jpg","is_english":true,"pubTime":"2024-04-18 06:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2428580727","market":"sg","top_or_hot":-1,"title":"Things go from bad to work at Star","media":"ShareCafe","content":"The second Star inquiry in Sydney has gone from bad to worse, to what the heck, after it was halted on Wednesday, Day 3 of the first week of the new probe.<br/><br/>The reason, it seems, is the company producing a host of documents on its former chief financial officer, Christina Katsibouba, who testified on Tuesday and claimed senior executives tried to cover up the $3.2 million theft from a cash out machine in May and June of last year.<br/><br/>The appearance of the documents from Star saw inquiry head Adam Bell SC suspend the inquiry and demand an explanation from the company as to why these documents were only now appearing.<br/><br/>Media reporters there said he warned the company could be in breach of the Royal Commissions Act.<br/><br/>He halted the inquiry to allow lawyers to try to find out the nature of the documents apparently linked to Christina Katsibouba and for an explanation as to why they were only now being released.<br/><br/>The shares traded between 41 and 42 cents for most of Wednesday. They ended unchanged at 42 cents.<br/><br/>Meanwhile, Bendigo and Adelaide Bank announced that its chair, David Foster, had \"requested a temporary leave of absence from the Bendigo and Adelaide Bank Board” without saying why.<br/><br/>Foster, who is also chair of Star and under pressure at the second inquiry, stepped aside.<br/><br/>Bendigo said that Vicki Carter has been appointed Interim Chair of the Board effective yesterday.<br/><br/>The bank said she joined the board in September 2018 and has over 30 years’ experience in the financial services and telecommunications sectors.<img height=\"1\" src=\"https://informedinvestor.com.au/api/external/view-article/gvjcmnehyyrkoqbf/9624/1x1.png\" width=\"1\"/>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Things go from bad to work at Star</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThings go from bad to work at Star\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 06:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.sharecafe.com.au/2024/04/18/things-go-from-bad-to-work-at-star/><strong>ShareCafe</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The second Star inquiry in Sydney has gone from bad to worse, to what the heck, after it was halted on Wednesday, Day 3 of the first week of the new probe.The reason, it seems, is the company ...</p>\n\n<a href=\"https://www.sharecafe.com.au/2024/04/18/things-go-from-bad-to-work-at-star/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7078","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://www.sharecafe.com.au/2024/04/18/things-go-from-bad-to-work-at-star/","article_id":"2428580727","we_media_id":"1060001662","thumbnails":["https://informed-investor.s3.ap-southeast-2.amazonaws.com/images/News/4e9aeab7731e177d376efdbdf8e2f278bd346dbf.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428580727","pubTimestamp":1713391384,"sourceInfo":null,"weMediaInfo":{"media_name":"ShareCafe","introduction":"News, expert commentary, discussion, analysis and data on the ASX, Australian share market, economy, finance and international shares.","home_visible":1,"id":"1060001662","head_image":"https://community-static.tradeup.com/news/fa4cb5269b79e85854105aae178bea07"},"summary":"The second Star inquiry in Sydney has gone from bad to worse, to what the heck, after it was halted on Wednesday, Day 3 of the first week of the new probe.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7078":"赌场与赌博","SGR.AU":"STAR ENTERTAINMENT GRP LTD/T"},"translate_title":"在Star，事情从糟糕到成功","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGR.AU":0.9},"content_text":"The second Star inquiry in Sydney has gone from bad to worse, to what the heck, after it was halted on Wednesday, Day 3 of the first week of the new probe.The reason, it seems, is the company producing a host of documents on its former chief financial officer, Christina Katsibouba, who testified on Tuesday and claimed senior executives tried to cover up the $3.2 million theft from a cash out machine in May and June of last year.The appearance of the documents from Star saw inquiry head Adam Bell SC suspend the inquiry and demand an explanation from the company as to why these documents were only now appearing.Media reporters there said he warned the company could be in breach of the Royal Commissions Act.He halted the inquiry to allow lawyers to try to find out the nature of the documents apparently linked to Christina Katsibouba and for an explanation as to why they were only now being released.The shares traded between 41 and 42 cents for most of Wednesday. They ended unchanged at 42 cents.Meanwhile, Bendigo and Adelaide Bank announced that its chair, David Foster, had \"requested a temporary leave of absence from the Bendigo and Adelaide Bank Board” without saying why.Foster, who is also chair of Star and under pressure at the second inquiry, stepped aside.Bendigo said that Vicki Carter has been appointed Interim Chair of the Board effective yesterday.The bank said she joined the board in September 2018 and has over 30 years’ experience in the financial services and telecommunications sectors.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428580727"}