Post by juliar on May 18th, 2017 at 10:19am
The mighty come crashing down.
ATO Deputy Commissioner Michael Cranston to be charged in relation to $165m fraud syndicate allegedly involving son
9NEWS 7:25am May 18, 2017
VIDEO: Police smash tax fraud syndicate
ATO Deputy Commissioner Michael Cranston will be charged over a major tax fraud allegedly involving his son.
Mr Cranston has been issued with a court attendance notice for allegedly publicly abusing his position as a public officer in a senior official of the Commonwealth, the AFP said today.
Mr Cranston's 30-year-old son Adam and eight other people have been arrested over the $165 million tax fraud investigation.
The arrests were made following an eight-month investigation, codenamed Operation Elbrus, with assistance from ATO, Australian Federal Police (AFP) said on Thursday.
"The scale of this allege fraud is unprecedented for the AFP," said Australian Federal Police Deputy Commissioner Operations Leanne Close on Thursday.
Adam Cranston, 30, was arrested for his alleged part in a multi-million dollar crime syndicate. (AFP/Facebook)
Adam Cranston and his wife. (Facebook)
Adam Cranston was arrested yesterday in one of 28 police raids across Sydney, Wollongong and the Southern Highlands.
A number of items have also been seized as part of the investigation, including an orange and blue Ford GT owned by Adam Cranston.
Authorities allege a Sydney financial service organisation co-chaired and managed by Adam Cranston, SYNAP, played a key part in the scheme.
Police will allege SYNAP siphoned wage payments through “second tier” companies in avoid paying full income tax.
The remaining tax – alleged to total more than $165 million – was then divvied up among syndicate members, police will claim.
Adam Cranston is expected to face Central Local Court today.
© Nine Digital Pty Ltd 2017
Read more at http://www.9news.com.au/national/2017/05/18/06/11/son-of-ato-boss-charged-over-alleged-role-in-100m-fraud-syndicate#cqJpdV6iCE1r6d4q.99
ATO Deputy Commissioner Michael Cranston to be charged in relation to $165m fraud syndicate allegedly involving son
9NEWS 7:25am May 18, 2017
VIDEO: Police smash tax fraud syndicate
ATO Deputy Commissioner Michael Cranston will be charged over a major tax fraud allegedly involving his son.
Mr Cranston has been issued with a court attendance notice for allegedly publicly abusing his position as a public officer in a senior official of the Commonwealth, the AFP said today.
Mr Cranston's 30-year-old son Adam and eight other people have been arrested over the $165 million tax fraud investigation.
The arrests were made following an eight-month investigation, codenamed Operation Elbrus, with assistance from ATO, Australian Federal Police (AFP) said on Thursday.
"The scale of this allege fraud is unprecedented for the AFP," said Australian Federal Police Deputy Commissioner Operations Leanne Close on Thursday.
Adam Cranston, 30, was arrested for his alleged part in a multi-million dollar crime syndicate. (AFP/Facebook)
Adam Cranston and his wife. (Facebook)
Adam Cranston was arrested yesterday in one of 28 police raids across Sydney, Wollongong and the Southern Highlands.
A number of items have also been seized as part of the investigation, including an orange and blue Ford GT owned by Adam Cranston.
Authorities allege a Sydney financial service organisation co-chaired and managed by Adam Cranston, SYNAP, played a key part in the scheme.
Police will allege SYNAP siphoned wage payments through “second tier” companies in avoid paying full income tax.
The remaining tax – alleged to total more than $165 million – was then divvied up among syndicate members, police will claim.
Adam Cranston is expected to face Central Local Court today.
© Nine Digital Pty Ltd 2017
Read more at http://www.9news.com.au/national/2017/05/18/06/11/son-of-ato-boss-charged-over-alleged-role-in-100m-fraud-syndicate#cqJpdV6iCE1r6d4q.99