Australian billionaire, witness in Netanyahu case, quits own company

James Packer, named witness in a bribery investigation into Prime Minister Benjamin Netanyahu, quit the board of his private company on Monday.

July 9, 2018 08:53
1 minute read.
Australian billionaire, witness in Netanyahu case, quits own company

Australian gambling tycoon James Packer looks on during day two of the Commonwealth Business Forum in Colombo November 13, 2013. (photo credit: REUTERS/DINUKA LIYANAWATTE)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


SYDNEY - Australian billionaire James Packer, named witness in a bribery investigation into Prime Minister Benjamin Netanyahu,  has quit the board of his private company Consolidated Press Holdings (CPH), a spokesman said on Monday, four months after he left the board of casino operator Crown Resorts Ltd citing mental illness.

Packer, a friend of the Netanyahu family, is alleged to have given Netanyahu’s elder son, Yair, lavish gifts, including free hotel rooms and flights, in order to influence his father.

A Related Video You May Like:
Israeli police recommend bribery charges against Netanyahu, February 13, 2018 (Reuters)

Packer, 50, "has stepped off the CPH Board as he continues his recovery from illness," a spokesman for Consolidated Press Holdings said in an email. CPH owns 46 percent of Crown, the world's seventh-largest listed casino company.

The exit appears to complete Packer's winding down from day-to-day corporate responsibilities following a tumultuous period.

The 50-year-old formed Crown after selling his late father's media empire a decade ago, then built it up before quitting in 2015 amid heavily publicized personal upheaval including a brief engagement to singer Mariah Carey.

He rejoined Crown a year later during a period of turmoil for the company when a dozen and a half of its employees were jailed in China for alleged breach of gambling marketing laws there. He stayed with Crown for 14 months before quitting again in March.

Packer, a central figure in investigations into Netanyahu in Case 1000, the "Gifts Affair," was reportedly sought by Israeli police for questioning in April in conjunction with the investigation. Police were prepared to fly to Australia to question him, but he lives on a yacht at sea much of the year, making questioning him too much of a challenge, and the prime minister was eventually recommended for indictment in the case.

Gil Hoffman contributed to this report.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Muslim woman with the Egyptian flag
May 18, 2019
Palestinian women have no right to refuse sex to husbands, Mufti says