Pearls group: Investigators track over $100m from Indian scam to Australia Authorities in India investigating one of the world's biggest ever financial scams track more than $100 million to Australia and some of the money may have been donated to political parties

'A complete lack of due diligence' In 2010, Pearls Australasia bought the Sheraton Mirage on the Gold Coast for $62.5 million, and later invested $19 million in a joint venture with Metro Property to develop apartments in Brisbane.

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Bibliographic Details
Published inABC Premium News
Main Authors McCutcheon, Peter, Kleinig, Xanthe
Format Newsletter
LanguageEnglish
Published Sydney Australian Broadcasting Corporation 26.02.2016
Subjects
Donations
Fund raising
Australia
India
Online AccessGet full text

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Summary:'A complete lack of due diligence' In 2010, Pearls Australasia bought the Sheraton Mirage on the Gold Coast for $62.5 million, and later invested $19 million in a joint venture with Metro Property to develop apartments in Brisbane.