Obeid, 82, and his son Moses, 57, were both jailed, as was Macdonald.
Topic: politicsRegion: asia pacificUpdated: i1 outletsSources: 1Spectrum: Left Only⏱ 2 min read
Story Summary
SITUATION
‘Outrageous’ crimes: Inside the Supreme Court battle for Eddie Obeid’s $30m coal cash Sixteen years after the family of jailed politician Eddie Obeid received a secret payment of $30 million relating to a corrupt coal deal, the all-powerful NSW Crime Commission has finally launched a legal bid in the NSW Supreme Court to seize the proceeds of the crime. In the lead-up to the 2009 announcement of the winning bidders of a coal exploration covering the Obeid’s property in the Bylong Valley, then mining minister Ian Ma
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KEY FACTS
- Despite their criminal convictions, the Obeids were able to keep the proceeds of their $30 million crime.
- Only last year, then NSW Crimes Commissioner Michael Barnes said that pursuing a criminal confiscation case against Obeid and his family was not feasible.
- Barnes acknowledged that this was a “disappointing” outcome given that Obeid’s crimes were “outrageous” and the public had a right to expect that any proceeds from his crimes should be confiscated.
HISTORICAL CONTEXT
Brief
‘Outrageous’ crimes: Inside the Supreme Court battle for Eddie Obeid’s $30m coal cash Sixteen years after the family of jailed politician Eddie Obeid received a secret payment of $30 million relating to a corrupt coal deal, the all-powerful NSW Crime Commission has finally launched a legal bid in the NSW Supreme Court to seize the proceeds of the crime.
In the lead-up to the 2009 announcement of the winning bidders of a coal exploration covering the Obeid’s property in the Bylong Valley, then mining minister Ian Ma
Sources
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