Australian police say a senior tax bureaucrat and his son are among 10 people charged in a sophisticated tax fraud that netted 165 million Australian dollars ($123 million) in less than a year.
Australian Federal Police Deputy Commissioner Leanne Close said Thursday that Michael Cranston, deputy commissioner of the Australian Taxation Office, faces up to five years in prison if convicted of abusing his position as a public servant by passing information to his son, Adam Cranston, 30, managing director of a Sydney financial services company.
Police do not allege the bureaucrat was part of his son's nine-member criminal syndicate that spent unpaid taxes on luxury homes, racing cars, aircraft, motorbikes, jewelry, art and vintage wine.
The nine were arrested in police raids on Wednesday and were to appear in court Thursday.
Read More Australian Tax Official Charged in $123M Fraud Probe : http://ift.tt/2rsYx7v
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