Racing Victoria to investigate BC3

RACING Victoria will investigate BC3 Thoroughbreds, as well as an alleged assault at the property of its chairman Bill Vlahos.

However, it does not have the regulatory powers to control punters clubs or wagering schemes and will leave the investigation into a reported $194 million missing account involving Vlahos to the Australian Competition and Consumer Commission, Consumer Affairs and police.

RVL chief executive Bernard Saundry said yesterday: "In the interests of thoroughbred racing, Racing Victoria's integrity department is investigating BC3 Thoroughbreds, for which Vlahos is company chairman.

"As the lead regulator for syndication in this state, Racing Victoria stewards are investigating BC3 Thoroughbreds and the conduct of its racehorse ownership business."

In addition, Victoria Police are investigating an assault at BC3 Thoroughbreds' Connewarre spelling property on Sunday night.

"In light of this incident, we have been liaising with BC3 Thoroughbreds today regarding the welfare of their horses and staff, which remains of importance to Racing Victoria," Saundry said.

As for the Vlahos-run Victorian-based punters' club, Saundry said: "Racing Victoria has regulatory control over the conduct of thoroughbred racing in this state, however it does not have regulatory control over punters clubs or wagering schemes.

"While such clubs or schemes may be wagering on Victorian thoroughbred racing, we do not have the powers to investigate their operations nor take any action on behalf of aggrieved investors.

"Such clubs or schemes fall within the jurisdiction of the ACCC, Consumer Affairs Victoria and the Victoria Police and I strongly encourage any investors with grievances to contact these parties."

The upheaval at BC3 Thoroughbreds syndication has confused many.

Trainer Mick Price said he had expected Nordic Empire to return to his stables yesterday but the exciting two-year-old had been "locked down".

He had planned to prepare the BC3-owned horse to run at Wyong on December 19 in the Magic Millions Wyong Two-Year-Old Classic on his way to the Gold Coast for the January 11 Magic Millions.

Price told Racing Network: "He's heading nowhere.

"He's locked down. I had him booked in yesterday and it was cancelled.

"I'm unsure of what we can and can't do."

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