Former Qantas company caught in huge US tax scam

A COMPANY once owned by Qantas, Qantas Investments US Inc, has been named as part of a sweeping US Government investigation into tax fraud.

The investigation involving Qantas Investments US Inc has emerged in a lengthy criminal court case against 16 former KPMG employees. Prosecutors have billed the case as the largest criminal tax fraud trial in history.

A filing on December 4 in the District Court of New York by assistant United States attorney John Hillebrecht outlined documents to be given to the defence team for the former KPMG employees after they had been received from KPMG.

The descriptions of the content of the documents related to Qantas Investments US provided to the defence were "confirmation of transfer of funds", "wire transfer instructions", "fax regarding Skandia", "oral/advice memorandum" and "letter regarding structure of proposed transaction". ...

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