Mungana affair
The Mungana Affair involved the selling of some mining properties in the Chillagoe-Mungana districts of northern Queensland, Australia to the Queensland government, at a grossly inflated price. In 1929 a Royal Commission was held into the affair and found that two prominent politicians: Ted Theodore Premier of Queensland (1919-1925) and William McCormack Premier of Queensland (1925-1929) each secretly held 25% ownership of the properties sold.
Further Reading K. H. Kennedy. The Mungana Affair: State Mining and Political Corruption in the 1920s,, University of Queensland Press, 1978 Trevor Sykes. Two Centuries of panic. Allen and Unwin 1988. (Chapter 11 'Theodore's scandal).
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