Genting sued for accountancy fraud over mystery $850million debt at Bahamas casino

On Resorts World Bimini in the Bahamas, a company that collaborated with Genting has accused the Malaysian casino behemoth of using "fraudulent accounting practices," which have sunk the project in "hundreds of millions of dollars of illegitimate debt."

2013 saw the official opening of Resorts World Genting. A 10,000-square-foot casino, a 305-room hotel with restaurants and lounges all around, and a jetty for cruise ships are all part of the island-resort today.
 
Tis looks an very big case and if they have made that much big an fraud then they are definitely indeed liable to be questioned for their actions actually indeed in my opinion since it is not normal actually indeed
 
There is huge capital in gambling business and a lot of criminality also. I don't know the reason both have strong correlation. You can hardly see see casino or gambling related news without some thieving or embezzlement. Behemoth is a reknown casino company with huge capital base and such accusations can affect the company's reputation. Both companies should try to resolve such problems before it will escalate into legal battle that will affect their reputation.
 
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