The Rise and Fall of Australia's Most Corrupt Cardboard Empire: The Pratts

The Rise and Fall of Australia's Most Corrupt Cardboard Empire: The Pratts Two companies held ninety per cent of every cardboard box sold in Australia. Visy wasn't just a packaging firm: it was a refugee family's answer to a wooden crate, the place where apples first travelled in cardboard. One idea. A billion-dollar empire. But on 2 November 2007, Justice Peter Heerey fined the company $36 million for fixing prices with Amcor. Richard Pratt paid no personal penalty. He handed back both his Order of Australia honours instead. Today, the family is worth over $23 billion and still owns every share. This is the story of how the country's most ordinary object was rigged, and what a few cents says about invisible theft. This is not just the story of the Pratts. It's the story of theft too small for anyone to notice. #Visy #VisyBoard #AbandonedFactories #LostFactories #IndustrialDecline #AustralianManufacturing