Aussie cherry grower to be charged with fraud - FreshFruitPortal.com

Aussie cherry grower to be charged with fraud

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Aussie cherry grower to be charged with fraud

Potato and cherry farm businessman Paul Rennie is expected to be charged with fraud by the Australian Federal Court, Fairfax media reported.

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

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