P. M. BRIEFING : Hooker Corp. Chief Charged
The chairman of Australia’s Hooker Corp., which had U.S. retail and development interests before going into provisional liquidation last year with bank debts of about $1 billion, was ordered today to stand trial on corruption charges.
A magistrate in the northern state of Queensland ruled that George Herscu, chairman and former chief executive of the property development and retail company, explain payments allegedly made to Russell Hinze, a former state minister, in 1983.
It was alleged that Herscu paid the money so that Hinze would intervene in a dispute between the Brisbane City Council and a shopping center development company associated with Herscu.
Herscu has not entered any plea to the charges. The trial is expected to start in June.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
