ATO pursuit of Chinese billionaire Phillip Dong Fang Lee revealed in secret documents
Secret documents reveal that the Australian Taxation Office has been investigating billionaire Phillip Dong Fang Lee for alleged financial deception. The report also notes that the Prime Minister attended a dinner hosted by the Lee family, raising questions about political due diligence regarding donor backgrounds.
Why it matters
The story highlights potential conflicts of interest and the risks associated with political fundraising from wealthy donors under investigation by government authorities.
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Share A A A Prime Minister Anthony Albanese attended an exclusive dinner hosted by an uber-rich 25-year-old whose billionaire father was accused by the Tax Office of repeatedly deceiving authorities to funnel huge sums of money from China into Australian bank accounts and mansions.
The accusations are detailed in a damning 189-page Australian Taxation Office affidavit about the Lee family patriarch, which this masthead fought for months to obtain and describes red flags about the sources of the Lee family’s wealth.
The 2021 document also contains suspicions that 60-year-old Phillip Dong Fang Lee secretly controlled business and financial interests in China despite earlier vowing to the Australian government that he had sold his Chinese business assets.
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