family support tagged posts

Hamilton Man Sentenced for Tax Fraud

May 19, 2009 New Zealand Taxation  No comments

Man extradited from Australia and sentenced for 25 charges revolving around GST, family support, income tax fraud.

Pravin Kumar Patel was discovered to be attempting to commit tax fraud after a tax audit on his business. In 2002 he purchase a dairy in Auckland, only to sell it the subsequent year, and repurchase a similar store in Hamilton. In 2006 an audit was conducted on his business, and it was discovered that in three years of the Hamilton business’s lifetime $370,000 was undeclared and deposited into accounts held by Pravin Kumar Patel or his family.

In the March of 2007, Mr Patel mislead his tax agent and claimed he was leaving the country to take car of his sick father in India, he left to Australia instead. He also transferred $370,000 into a Melbourne based bank account...

Read More