Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

11-year investigation lands tax cheats in jail

In a case involving millions in undeclared income, two men have been sentenced to prison for charges, including conspiracy to defraud the Commonwealth. 

Tax&Compliance Katarina Taurian 13 August 2018
— 1 minute read

Anthony Castagna and Robert Agius, both from NSW, have been sentenced to seven years in prison, after an investigation by the Serious and Financial Crimes Taskforce.


Mr Castagna didn’t declare approximately $5.7 million of income and bonuses, according to a statement from the federal government.

Further, the pair used an offshore company, owned by Mr Agius, to hold funds before using sham loans to return the money to Australia without paying tax.

The men have since been charged with conspiracy to defraud the Commonwealth, conspiracy to cause a loss to the Commonwealth, and conspiracy to deal with the property of a value greater than $1 million believing it to be proceeds of crime.

The convictions stems from an initial investigation in 2006, where the ATO and Australian Federal Police captured a Vanuatu-based money laundering and tax evasion scheme.

Both Minister for Revenue and Financial Services Kelly O’Dwyer and Minister for Law Enforcement and Cyber Security Angus Taylor condemned the two NSW men.

"Money laundering and tax evasion have serious repercussions on the Australian economy and we are committed to dismantling these schemes and ensuring those responsible have their day in court," said Mr Taylor in a statement.

Government agencies involved in the Serious and Financial Crimes Taskforce include the ATO, Australian Federal Police, Commonwealth Director of Public Prosecutions, Australian Criminal Intelligence Commission, Attorney-General's Department, Australian Transaction Reports and Analysis Centre, ASIC and Australian Border Force.

This email address is being protected from spambots. You need JavaScript enabled to view it.


11-year investigation lands tax cheats in jail
image intro
accountantsdaily logo

The Accountants Daily 30 Under 30 Awards
This prestigious awards ceremony is the benchmark for excellence, recognising the industry’s most distinguished professionals, aged 30 and under across Australia, highlighting their outstanding achievements and dedication within the industry. Register to the waitlist today to be first in line for updates on when tickets to attend become available, visit accountantsdaily30under30.com.au to join the waitlist.