Not Our Fault Says Online Sportsbook
Published: Friday, March 11, 2005 Online-Casinos.com
NOT OUR FAULT SAYS ONLINE SPORTSBOOK
Legal tussle over corrupt bank
official gets nasty
Theft of A$ 19 million by an Australian bank official
who gambled the money away is the subject of a sequel being played out in the
Australian civil courts this week.
Online sportsbook, International All
Sports, says the Commonwealth Bank's mismanagement and sloppy internal controls
are to blame for the multi-million dollar theft from a Western Australian bank
branch, for which the former branch manager is serving a five-year jail sentence
after stealing from his branch in Karratha and gambling it on the Internet.
The bank is suing International All Sports for more than $17 million, maintaining
the online bookmaker should have known the money was stolen.
The company
has lodged its defence and a counterclaim in the Federal Court. International
All Sports chief executive, Robert Edge, says his company is not at fault. "All
we did was receive money over an Internet line," he said.
"When
we receive money from a client, we're unable to assess the client's state of mind,
we're unable to assess the client's culpability, we're unable to assess much about
the client other than an Internet message."
