Suncity Group Holdings has issued a statement denying media reports that its chairman and controlling shareholder, Alvin Chau, is under investigation by Australian authorities.
In a statement to the Hong Kong Stock Exchange, Suncity said Mr Chau has no intention to visit Australia in the next 12 months, and he is not aware of the reported investigation.
“Mr. Chau further clarifies that he is not subject to any Australian investigation as at the date of this announcement,” it said.
Suncity also clarified that the listed holding company of the group has no business operations in Australia. Chau is also CEO of Macau’s biggest junket, Suncity, which operates a VIP room in the Crown Casino in Melbourne.
An investigative news report by The Age, The Sydney Morning Herald and 60 minutes that aired late last month, has triggered a series of probes by Australian authorities into casino operations in the country and their links with junket operations. The report cited a former employee of Crown Resorts who alleged money is being laundered through the company’s casinos and it is also collaborating with immigration officials to facilitate visas for high rollers.
One of the reports also alleged Chau had been banned from entering Australia.
Crown Resorts has also vehemently denied the accusations in a letter from its board.