Mark Bryers, arrested in Australia over money laundering investigation
A high profile New Zealand businessman has been caught up in
multi-million dollar tax fraud and money laundering allegations in Australia.
Mark Bryers was one of 12 people arrested by Australia’s
Federal Police, after a joint agency investigation was carried out in New South
Wales and Queensland.
A police spokesman says search warrants were executed at 10
locations “in a coordinated strike against a transnational and serious
organised criminal syndicate using labour hire and payroll companies associated
with the building and construction industry to defraud the Commonwealth”.
The fraud is reported to total $17 million dollars. It’s
alleged Bryers was providing tax structuring advice to the syndicate.
Bryers is best known for the collapse of his Blue Chip
company in 2008, which owed investors $84 million. He was banned from operating
a company in New Zealand until 2022.
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