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Something I just remembered.... (I read about this years ago) Australian businessman Alan Bond walks free from jail Former high-flying Australian business tycoon Alan Bond was released from a West Australian jail last Thursday night after serving a little more than three years for...

BRW has a slightly different take. They say Packer sold the stations for $800 million from Bond in cash and $250 million in the form of subordinated debt - effectively a giant sized IOU. Then when Bond's bankers finally moved, Packer was able to trade his $250 million IOU for a 37% equity...

A very "colourful" and "full" life that one. Undeniable contributions to Australian society - on both sides of the ledger. RIP Alan.