‘Oh shit’: Labor councillor who attended 2021 Liberal fundraiser was worried about potential Icac inquiry, Icac hears

A Labor councillor, Sharangan Maheswaran, attended a Liberal fundraiser in 2021 and is now being investigated by the New South Wales anti-corruption commission, Icac. This development is significant because it shows that Icac is taking a closer look at potential corruption or conflicts of interest in the state's politics. The outcome of this inquiry could have implications for the reputation of the Labor party and the Liberal party in New South Wales, potentially affecting public trust in government.

Why it matters

A Labor councillor's attendance at a Liberal fundraiser and potential Icac inquiry is a political issue. It is unlikely to have a significant impact on the market.

Market impact

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