The involvement of former Prime Minister Bob Hawke had help make ACTTAB boss Philip Neck think the Vitab deal could help ACTTAB start a major international operation in Asia.
Mr Neck, ACTTAB’s chief executive, told the Vitab inquiry that he thought that if he had not looked at the deal he could have been criticised 12 months down the track for not seizing the Asian opportunity.
He had in the back of his mind Mr Hawke’s extensive contacts in Asia and interest in racing and his involvement in a scheme to set up a race track in China.
Mr Neck said that at the time Vitab seemed like the answer to a maiden’s prayer. After years in the red, it looked as if Vitab could put ACTTAB back in the black. So he had been enthusiastic.
Continue reading “1994_05_may_vitab13”