![‘Ethical’ fund’s excuse for gambling, coal stakes unbelievable: judge ‘Ethical’ fund’s excuse for gambling, coal stakes unbelievable: judge](https://fly-to-australia.com/wp-content/uploads/2024/06/ethical-funds-excuse-for-gambling-coal-stakes-unbelievable-judge.jpg)
The judge in a landmark greenwashing case said superannuation fund Active Super’s defence for investing in coal and gambling companies when it had promised customers that it wouldn’t was so farfetched it would not be believed by any reasonable person.
Federal Court Justice David O’Callaghan ruled on Wednesday that Active Super had misled and deceived customers about its investments in companies such as Whitehaven Coal and SkyCity Entertainment, paving the way for hefty penalties. Fines would be determined at a later date.
Source: afr.com
![](https://fly-to-australia.com/wp-content/uploads/2023/08/IMG_7041.jpg)
George Barham, an accomplished journalist and avid gambling enthusiast, serves as the esteemed Editor-in-Chief at fly-to-australia.com, Australia’s leading source for comprehensive gambling news and insights. With an unwavering passion for both the written word and the ever-evolving world of betting and gaming, George brings a wealth of knowledge and expertise to the helm of our editorial team.