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<br>If current management cannot reach a long-term agreement with these parties or agree to a significant asset sale, Star might be forced into administration. Last week, former Star finance boss Harry Theodore broke ranks with his former colleagues and settled with ASIC on charges that he knowingly misled NAB about its ATMs being used to funnel more than $900 million into Star’s Sydney casino. "No probity information of any kind is included in the materials provided to the board. The information concerns only credit and property checks, ie the credit risk exposure to the company," Higgins said.
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