Corrupt, dodgy ALP ratbag set to have his millions reefed back

Eddie Obeid the ALPs virtual mafia don is set to have a good chunk of his ill-gotten millions reefed back by the NSW government.

The state government is set to pass extraordinary laws to strip corrupt former Labor minister Eddie Obeid and his family of at least $30 million in profits from a coal deal at the centre of a historic corruption probe.

A day after Premier Barry O’Farrell announced the government would pass special laws to tear up three corruption-tainted coal exploration licences, Mr O’Farrell said it was also working on laws to confiscate the proceeds of corrupt activity by former Labor figures and businessmen.

He said on Tuesday the laws to cancel the licences would be introduced in state Parliament next week, while additional laws to claw back proceeds of corrupt coal ventures from Mr Obeid and others were still
in development.

“I’m told that it will take a little bit longer,” Mr O’Farrell said.

After sensational public inquiries last year, the Independent Commission Against Corruption recommended in December that Cascade Coal’s exploration licences at Mount Penny and Glendon Brook, and NuCoal’s exploration licence near Doyles Creek in the Hunter Valley were “so tainted by corruption” they should be cancelled.

It also recommended special legislation modelled on proceeds of crime laws be passed to recover the profits of corrupt conduct from Mr Obeid and others.

The new laws would go further than existing legislation by allowing profits to be clawed back from people with knowledge of corrupt conduct rather than with proof of illegal activity.

New Zealand needs an ICAC, with similar powers. it could virtually pay for itself with prosecutions.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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