Police charges property developer Michael Teplitsky of cash laundering for tax fraud syndicate

Two men who allegedly extorted money from a $144 million (£113 million) tax fraud syndicate allegedly used Sydney property developer Michael Teplitsky to launder their money and boasted about it.

Mr Teplitsky’s office in Double Bay was one of 30 properties raided on May 17 when police charged 11 people, including Australian Taxation Office deputy commissioner Michael Cranston, his son, Adam, and daughter, Lauren.

He was arrested momentarily after he allegedly assaulted a Fairfax Media photographer during the raid. His girlfriend, Olivia Korner, pulled the hair of a Fairfax reporter.

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