TWO former NSW Labor MPs allegedly engaged in corruption on a scale not witnessed in the state since the infamous colonial-era Rum Corps, with "massive cascading profits" of $100 million conferred upon Eddie Obeid and his family courtesy of inside information passed on by Ian Macdonald.
Mr Obeid, the one-time Right faction boss of the NSW ALP, allegedly used secret tips on the issuing of coal exploration licences, provided by his former colleague and state resources minister Mr Macdonald, to generate corrupt profits for himself, his family and their mates.
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