‘Repeated acts of deceit’: Bankrupt businessman behind bars
Nahi Gazal, a businessman with a history of bankruptcy and legal troubles, has been sentenced to jail for contempt of court. The Supreme Court found that his deceitful actions led to over $6 million being withdrawn from his accounts, violating court orders. Gazal had previously acknowledged significant tax liabilities to the Australian Taxation Office, which he failed to honor.
- ▪Nahi Gazal has been jailed for contempt of court due to his repeated acts of deceit.
- ▪The Australian Taxation Office claimed Gazal caused over $6 million to be drained from his accounts in breach of freezing orders.
- ▪Gazal had acknowledged tax liabilities exceeding $44 million, later reduced to $18 million, but his accounts were found to be emptied.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.