GOLD BULLION FRAUDSTERS STRIPPED OF $8.7 MILLION IN ASSETS

CANBERRA, ACT, May 8 -- Australian Federal Police issued the following media release:

This is a joint media release between the AFP and the Australian Taxation Office

Editor's note:Images available via Hightail

Two Sydney-based leaders of an Australian criminal syndicate have been stripped of more than $8.7 million in assets for their roles in an elaborate gold bullion GST fraud.

Orders made by the Supreme Court of New South Wales resulted in those assets being forfeited to the Commonwealth.

It followed a complex, decade-long AFP-led Criminal Assets Confiscation Taskforce (CACT) investigation, codenamed Operation Nosean. The CACT brings together the resources and expertise of the AFP, Australian Border Force (ABF), Australian Taxation ...