00:02On sites like these, Victoria's construction union allegedly began to act less like a trade union and more like a
00:09crime syndicate.
00:10This is the most serious corruption scandal in the history of Victoria.
00:13Geoffrey Watson's independent investigation into the CFMEU's Victorian branch documents allegations of corruption, violence and extortion.
00:23His report was made public via an inquiry into the union in Queensland.
00:27Victoria's government is trying to weather the scandal without one, despite a draft estimate suggesting the rot had cost the
00:35state $15 billion.
00:37$15 billion of taxpayer money has gone into the pockets of bikies, of organised crime figures, of underworld figures.
00:46We have referred matters to IBAC, referred matters to Victoria Police.
00:50The government has repeatedly sidestepped the $15 billion figure, which was redacted from the final report by the CFMEU's independent
00:59administrator.
01:00The independent administrator has determined that these claims are untested.
01:03They have found to be untested, that they remain claims.
01:06Well that's not what I say, that's what the independent administrator says.
01:09Others have already indicated Watson's redacted estimate is within the ballpark.
01:14That figure is consistent with what I've heard from officials from the Victorian government.
01:22Jacinta Allen hasn't said the estimate is wrong, offered an alternate figure or a pathway to reach one.
01:30This Premier is hiding a multi-billion dollar rip-off.
01:35The Opposition wants a Royal Commission to investigate the total cost to taxpayers of the scandal.
01:42We will chase down every single cent of that $15 billion.
01:53546 billion.
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