Aussie cherry grower to be charged with fraud
Federal Court judge Michelle Gordon froze $42.9 million (US$46.4 million) of Rennie's assets for allegedly 'obtaining financial advantage by deception and dealing in the proceeds of crime', the story reported.
The freeze was part of Operation Wickenby, investigating fake loans and transactions with overseas tax haven accounts, while the case is expected to return to court on Aug. 6, Fairfax reported.
The Rennie family produces around 25,000 metric tons (MT) of cherries annually, the story reported.
Photo: Flickr, Balaji.B