Yesterday, Adam Cranston appeared before Justice Elizabeth Fullerton at the Supreme Court of NSW for his directions and hearing on his role in a tax fraud syndicate.
The Supreme Court of NSW released a 275-page Australian Federal Police affidavit that included a transcript of an intercepted telephone call between two phone numbers subscribed to Michael Cranston and Adam Cranston on 2 May.
The phone calls reveal Michael Cranston cautioning Adam Cranston just two weeks before his arrest which was the result of an eight-month joint investigation between the AFP and the ATO.
“You just gotta be really careful mate, at the moment. You’re high risk, because you’re connected. Because Synep owns Plutus, you own Synep,” Michael Cranston said to his son.
Michael Cranston also warned Adam Cranston about unexplained wealth to which Adam Cranston said: “I’ve got no unexplained wealth, mate. All my tax returns and everything that I own has been after tax dollars, mate. There’s no unexplained wealth. Zero.”
Michael Cranston responded saying: “You’ve got a lot of f****** cars, mate.”