7-16-2012
Propublica.org Las Vegas Sands Article: Inside the Investigation of Leading Republican Money Man Sheldon Adelson
Propublica.org Las Vegas Sands Article: Inside the Investigation of Leading Republican Money Man Sheldon Adelson
This was an great piece. Something I found especially interesting was
that Leonel Alves, being on the Macau legislative board, was outside council
for Las Vegas Sands and billing exorbitant rates. Worth nothing is that back in May 2006, there
was a deal where Melco paid a down payment as part of a partnership with an
entity managed by Angela Leong On Kei, member of Macau Legislative board, wife
of Stanley Ho, and mother of Lawrence Ho (CEO of Melco). The deal was terminated 40 months later: thus
the whole thing seemed to just act as a 100M HKD loan, to the entity Angela
Leong On Kei represented.
What is also interesting
is that as you can see from the 2009 filing, Angela was on both sides of the
deal, which seems itself inappropriate, not to mention the possible foul play with
that deal in regards to her being on the Legislative board and the purpose of
the transaction to acquire concession rights.
For more of this and
things like the connection between Stanley Ho and Sino-Forest, I recommend you
read my report posted here titled IHS Research Report Macau.
Donald Shekels
Email: IHS.Research@Mail.Ru
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