ATO freezes assets of Perth investor

Original article by Sarah Danckert
The Australian – Page: 17 : 18-Aug-14

The directors of Swiss entity Growth Investment Fund have been ordered by the Federal Court of Australia to comply with an assets freeze order sought by the Australian Taxation Office (ATO). The agency says there is an outstanding tax liability of $A14m, and the move applies to a stock portfolio worth $A9.5m as well as a total of four bank accounts held in Australia, France and Switzerland. It is believed the ATO’s action stems from a "Project Wickenby" investigation of a Perth-based investor

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