The Forum > Article Comments > Mr Pratt's fall from grace > Comments
Mr Pratt's fall from grace : Comments
By Katy Barnett, published 1/5/2009Mr Richard Pratt and Visy: it has been a fascinating and terrible legal battle, a battle literally 'to the death'.
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This was more obviously a simple case of state extortion against a compromised and targeted billionaire at his most vulnerable. The civil proceedings merely paid for some larger-than-usual cocaine parties for the silks involved; the real deal concerned the criminal case and its heftier machinery for milking the Visy empire. Developing countries have often been more open about such practice, and used these tactics for ages, especially when caught in an extreme monetarists' pickle of debt and mega-breakdown.
The departed knew that - unless he settled - his main inheritor-son (for one) could be dogged by the state's loot-hunting legal apparatchiks for decades. The only question of interest is: where did most or all of the prised "family honor money" go? Defence? Welfare? Equally vague bail-out pork? Or some other "separated power" of budgetary largesse?
How else to explain the OTT butt-kissing and coffin-polishing by nearly every leading party apparatchik in the country? Hell, it looked like they were about to award him a VC and bar! Wait, "posthumous" could still be on...
Oh no, none of that could happen here. Westminster system, Chesterfield furniture, Rule Bwittania, blah blah.