[Australia] End approaching for Plutus Payroll trial

In Australia, the New South Wales Supreme Court has summed up one of the country’s biggest-ever alleged tax frauds involving payroll provider Plutus Payroll and the jury has now retired to consider its verdict, SIA reports.

Plutus Payroll had allegedly been funnelling wage payments through several sub-contracted ‘second-tier’ companies, according to reporting from PerthNow.  

The court was reportedly told that Plutus was behind a scheme to withhold more than AUD 105 million (USD 73.2 million) from the tax office over three years, using these second-tier companies. The unpaid taxes allegedly funded lavish lifestyles with the accused spending on fast cars, aeroplanes and properties.

The trial began in April 2022. Members of the group faced charges including conspiring to defraud the commonwealth and dealing with proceeds of crime.

Justice Anthony Payne reportedly spent several days summarising the case in the New South Wales Supreme Court and now Adam Cranston, Lauren Cranston, Dev Menon, Jason Onley and Patrick Willmott await judgement for their alleged roles in the payroll scandal. The jury retired to consider their verdict on January 18.

Source: SIA

(Link via original reporting)

In Australia, the New South Wales Supreme Court has summed up one of the country’s biggest-ever alleged tax frauds involving payroll provider Plutus Payroll and the jury has now retired to consider its verdict, SIA reports.

Plutus Payroll had allegedly been funnelling wage payments through several sub-contracted ‘second-tier’ companies, according to reporting from PerthNow.  

The court was reportedly told that Plutus was behind a scheme to withhold more than AUD 105 million (USD 73.2 million) from the tax office over three years, using these second-tier companies. The unpaid taxes allegedly funded lavish lifestyles with the accused spending on fast cars, aeroplanes and properties.

The trial began in April 2022. Members of the group faced charges including conspiring to defraud the commonwealth and dealing with proceeds of crime.

Justice Anthony Payne reportedly spent several days summarising the case in the New South Wales Supreme Court and now Adam Cranston, Lauren Cranston, Dev Menon, Jason Onley and Patrick Willmott await judgement for their alleged roles in the payroll scandal. The jury retired to consider their verdict on January 18.

Source: SIA

(Link via original reporting)