John Setka accused of diverting $3.3 million in union funds to his companies

Former CFMEU boss John Setka is facing allegations that he diverted $3.3 million in members’ money to companies of his own, according to the article. The claims are being examined as a royal commission investigates alleged corruption involving the union. The report does not provide further detail about the alleged transactions or Setka’s response to the claims. The allegations remain claims under investigation, not established findings. Setka previously led the Construction, Forestry and Maritime Employees Union, placing him at the centre of a major inquiry into the organisation. The commission’s examination of the alleged use of members’ funds adds a serious financial dimension to the scrutiny now facing the former union boss. The article says the sum at issue is $3.3 million and alleges that the money was channelled to companies linked to Setka. It does not name those businesses or specify when the alleged transfers took place. Further information may emerge as the royal commission’s work continues.