It’s been several months since the 777 Partners house of cards collapsed. But new elements damning the investment fund continue to filter through.
In the sights of justice, 777 Partners is not done with legal troubles. ABC News Australia reports: the American investment fund but also A-CAP (the company which manages the Standard on a daily basis pending the takeover of the club) are suspected of money laundering by the American justice system.
Several companies belonging to the group (including the Australian low-cost aviation company Bonza) could have been used to launder the money in question.
RTBF continues, affirming that investigators are wondering why certain funds initially intended for clubs in the football branch of 777 Partners (including Standard) ultimately ended up in Bonza’s bank account.
777 still not very transparent
As our colleagues point out, the Standard could also be likely to be investigated by American investigators. Because it would not be unthinkable, like what happened at Bonza, for 777 to have injected fraudulent money into its football clubs.
Especially since the complaint filed by a former employee of Bonza against 777 Partners and A-CAP suggests some troubling points of comparison: “I believe that the behavior of 777 Partners led to the bankruptcy of the airline. Certain information and decisions , good or not, were never communicated to me while I was a member of the board of directors. I had no control over this.
