The son of deputy tax commissioner Michael Cranston has been arrested for his alleged involvement in a $165-million fraud syndicate.
The Australian Federal Police said Adam Cranston was among nine people arrested for alleged involvement in the large-scale fraud.
Adam Cranston was arrested at his flat in the affluent beach suburb of Bondi during raids yesterday and has been charged with conspiracy to defraud the Commonwealth.
The 30-year-old is believed to be one of the main conspirators in the group and is understood to run a financial services company.
He will face Central Local Court in Sydney later today.
