Billionaire Triguboff's Meriton Seeing Global Fund Interests

Full story: Bloomberg
Meriton Pty, Australia 's biggest apartment developer, said pension funds from Canada and the U.K. and Chinese investors have shown interest in the closely held company. Full Story

Since: Jul 12

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#1 Apr 16, 2013
While most think it is the Unions, this article talks of the man who spins the NSW Labor Party on his little pinky, Harry Triguboff. Despite possessing in excess of two Billion Dollars and the controversy of the quality his Meriton Apartments buildings going back for years. The Authorities responsible with defending the public from shonky workmanship continue to avoid doing their duty.

It's mostly overseas Asians that buy his Apartments because locals know about the quality of Meriton Apartments. Hence, Harry Triguboff was part of the 40 Million Population (for Australia) Lobby Group, without the stream of unsuspecting migrants from non English Speaking Countries he would have serious difficulties continuing the volume of sales and filling his pockets of unnecessary excess. Only to use the profits to seed more concrete ugliness and harm the urban life of the largest Capital Cities of Australia.

He attempted to avoid paying Property Tax due to the NSW Government and the pathetic Labor Government was too fearful to ask him for the back Tax owed. Until the Fairfax media started to print articles about it. Even then Faifax were very reticent to state the truth about what for an ordinary Citizen would have had the book thrown at them quick smart.

The Rupert Murdoch media bends over backwards to fawn to Triguboff and curry favour to gain more of his business. They, obfuscate about Meriton Apartments corner cutting of building work and coordinate with Triguboff to influence the approval processes by pressuring re-writing laws to suite Meriton Apartments.

Harry Triguboff's greed knows no bounds he pressured the Labor Government to let him build his crumbey apartments on Park Lands and National Forests but failed in this endeavor. Had the Labor Government won another term who knows?

The NSW Liberal Party has shown no less complicity to facilitate the same super highway of approvals to build ugly buildings to house migrants that are only funding a Ponzi economy for Triguboff and Lowry.

The huge Ponzi scheme of migrants coming to live in Australia cannot hope to support a long term jobs market. As it is based on short term building employment market for construction of residential buildings. The same economic model Spain based it's National economy on, only to collapsed so catastrophically.

When the resources demand cools Australia having lost it's manufacturing base has no sustainable employment prospects. Likely costing future generations left to pay for the health, welfare and resources constraints for decades to come, perhaps transforming Australia into a third world Nation.

Just so a Multimillionaire could have some more zeros against his bank account and become a multi-billionaire but he can't change old age. His life was devoted to his miserable body, that is now 80 years old. Now he is only left with deciding who will inherit his money. He did'nt really enjoy his money much anyway only to hoard it and use it to pollute the environment.

I wonder when the Multi billionair fades away where his resting place for his soul might be, same place as Eddy O'beid, Joe Tripodi and Frank Lowry etc? Somehow I'm not so envious to be among his illustrious company of the money hungry ones.
Edward Ponderer

Mission Viejo, CA

#2 Apr 16, 2013
Was it in the original or merely the movie version that Faustus, after praying for salvation, walks into Helen of Troys arms in final temptation, lowered to Hell.

I fear that we are all like Dr. Faustus and today's billionaires, if limited by opportunities with both the Underworld and the world of high finance (brimstone vs. picture-paper with numbers decor, otherwise pretty much the same).

Perhaps a better investment for us all is each other -- especially as the global world wraps us all around each other.

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