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Corrupt Malaysia money distorts Melbourne market

Thread starter dancingshoes
Start date Jun 23, 2015

dancingshoes

Alfrescian

Loyal

Jun 23, 2015

Why corruption might be inflating property prices
A simple guide to the sale of Dudley House in Caulfield which has been linked with corrupt Malaysian officials, who allegedly intentionally paid 20 per cent over the asking price.

To this extent at least, they join hundreds of allegedly corrupt investors confident they can park their ill gotten gains in properties in Sydney, Melbourne or elsewhere.

http://www.theage.com.au/national/corrupt-malaysia-money-distorts-melbourne-market-20150623-ghu6a0

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