Wednesday, 17 April 2013

Crocodile Dundee missing $34M

Crocodiles used to be his biggest worry, but now it's cash.

"Crocodile Dundee" actor Paul Hogan is allegedly missing $34 million he hid away in an offshore tax haven, and he says he thinks his tax adviser, Philip Egglishaw, is to blame.

Swiss newspaper Le Matin Dimanche reports that Hogan's millions have been in a Swiss bank run by the Geneva firm Strachans for almost 20 years, according to a report published in the Sydney Morning Herald. But he cannot get his hands on it.

In court documents filed in California District Court, Egglishaw -- who is a partner at Strachans -- is accused of having "absconded with or spent all" of Hogan's millions.

The company is linked to the biggest tax evasion scheme in Australia.

Clients of Strachans first came under scrutiny back in 2005 when the Australian Taxation Office launched an investigation into offshore tax fraud, according to The Australian. There is currently an international warrant out for Egglishaw's arrest. His partner is currently serving two and a half years in prison after pleading guilty to conspiring to defraud the Australian government.

Hogan has had his own issues to deal with.

Read More:Huffingtonpost