Peter Kay, the brother-in-law of colourful Sydney construction identity George Alex, has been charged over the alleged $20 million tax fraud and money laundering scheme run by Mr Alex and jailed crime figure Michael Ibrahim, The Sydney Morning Herald reports.
Mr Kay, 54, who is married to Mr Alex’s sister Athina, is the 14th person to be arrested in relation to the alleged scheme.
He appeared in a Sydney court on Tuesday charged with recklessly dealing with more than $450,000 in proceeds of crime which should have gone to the tax office but instead went into Mr Kay’s bank accounts. The maximum penalty for this offence is 10 years’ imprisonment.
READ MORE: ‘The George Alex 12’ reportedly blindsided as police seized assets worth millions.
On July 21, 2020, the Australian Federal Police arrested more than a dozen people, including George Alex and his son Arthur, over the alleged fraud which used construction labour-hire companies and associated payroll operators to defraud the ATO of more than $20 million.
READ MORE: Construction figure George Alex arrested over money laundering, tax evasion.
Like his wife Athina and George Alex, both of whom have been bankrupted, Mr Kay has also had a chequered business career. He was only discharged from bankruptcy last month.
Mr Kay was granted bail and will face court again on November 23.
Source: The Sydney Morning Herald.
