Senior Victorian public servants hid loss of up to $285m from Covid grants given to ineligible businesses
Published . Updated .
Whistleblowers applauded as Ibac finds ‘decisions were made to withhold information about the magnitude of the loss’ Senior public servants in one state covered up losses suspected to be worth hundreds of millions of dollars arising from flawed Covid-19 business support payments, an investigation has found. During the pandemic, the Victorian government spent an estimated $257m on support grants to 9,000 ineligible businesses. Follow our Australia politics live blog for latest updates Continue reading...
Directly affected
- SNIRF Senior
Named in this report.
Indirectly affected
- ZIM ZIM Integrated Shipping
Container lines are exposed when a shipping lane is disrupted
- MATX Matson
Container lines are exposed when a shipping lane is disrupted
- DAC Danaos
Ship owners earn more when vessels are tied up longer
- GSL Global Ship Lease
Ship owners earn more when vessels are tied up longer
- SBLK Star Bulk Carriers
Dry-bulk carriers move with commodity shipping demand
- GOGL Golden Ocean
Dry-bulk carriers move with commodity shipping demand
Price reaction, T-5 to T+3
Whistleblowers applauded as Ibac finds ‘decisions were made to withhold information about the magnitude of the loss’ Senior public servants in one state covered up losses suspected to be worth hundreds of millions arising from flawed Covid…
Source: The Guardian
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12 out of 100
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