Sellergate of the ‘Sirius’ …
Through research the Herald can expose that the ‘new owner’ of the Sirius is a Mr Huynh who has links to Vietnamese billionaires and … Mark Carnegie …
… 12 months have elapsed and still no answers to questions about government probity checks on the sale of what was Our Public Housing ….
DUE DILIGENCE carried out by the NSW Government consisted of:
Google searches for media reports or ICAC inquiries … buying a credit risk report and asking Fair Trading if it had complaints about Mr Huynh
MEANWHILE Mr Huynh has come from a middle class upbringing to a mansion on the Vaucluse waterfront!
The Sirius was marketed as Sydney’s ‘most valuable land’!
Aoyuan International and Danny Avidan competed with Huynh who won out!
The Government referred questions to JDH Capital who declined to comment …
Little has been uncovered about either Huynh or JDH Capital, and it is not known who will finance redevelopment of the Sirius
WHY have government documents released under FOI been redacted?
However, the government has arranged a delayed settlement for money to change hands …
It would appear convenient that with no requirement from Vietnam to disclose private company interests that it is difficult to find out about the business dealings of Mr Huynh’s extended family …
WHY has the Government withheld key documents? It alleges that release of information could ‘prejudice’ the finalisation of the sale. Why?
WHY IS Huynh unable to reveal the ‘investors’ in the Sirius redevelopment?
Why are there strict confidentiality obligations with the ‘seller’ of what was a publicly owned building?
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COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 