The Albanese Government welcomes the guilty verdicts for 5 offenders involved in the Plutus Payroll tax fraud that defrauded the Commonwealth of more than $105 million.
The verdicts mark a significant milestone for the Serious Financial Crime Taskforce (SFCT)’s long running investigation, Operation Elbrus.
Commencing in 2016, led by the Australian Federal Police (AFP) with significant assistance from the ATO, Operation Elbrus exposed the large‑scale and organised tax fraud and money laundering conspiracy that used payroll service entities to divert Pay‑As‑You‑Go withholding tax and Goods and Services tax owed to the ATO.
The Government is proud of the significant efforts by all involved.
The 5 offenders were each found guilty of conspiring to defraud the Commonwealth and conspiring to knowingly deal with proceeds of crime in excess of $1 million and will be sentenced in due course.