Former Blue Chip boss Bryers arrested in Australia for role in alleged major tax fraud
PHOTO: Photo: New Zealand Herald / Brett Phibbs
A disgraced New Zealand businessman has been arrested for involvement in an alleged major tax fraud in Australia.
Former Blue Chip boss Mark Bryers, 62, based in Sydney, was one of 12 charged by federal police in Australia following an investigation into a tax fraud and money laundering ring.
An 18-month operation by the Australian Securities and Investments Commission (ASIC), the Australian Tax Office and the Australian Federal Police resulted in a series of raids on Tuesday in New South Wales and Queensland.
ASIC said the agencies had broken “a transnational and serious organised criminal syndicate using labour hire and payroll companies associated with the building and construction industry to defraud the Commonwealth [of Australia].”