The fuel for the fire


Following on from the Unaoil scandal – Where does the money go? :

Australia is, meanwhile, in danger of becoming a dumping ground for dirty money from Asia. Funds stolen from government projects in PNG, Malaysia and China via bribery and fraud is invested with relative ease in Sydney, Melbourne and other key property markets.

“I suspect you have more of a problem than you realise,” says the UK National Crime Agency’s Jon Benton, who believes a large amount of corrupt Chinese money is flowing into Australian property.