Wife of jailed entrepreneur Michael Milne puts Neutral Bay home on the market
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Leisa Milne, the wife of jailed millionaire entrepreneur Michael Milne, has listed their NEUTRAL BAY abode on Sydney’s lower north shore. It’s one of two freestanding buildings set on a 1761-square-metre deep-waterfront block. It had been two apartments with the first bought by Leisa in 1987 for $999,999 and then Leisa paid $4.75 million for the other in 2005.
The renovation turned it into a six-bedroom house with views across Shell Cove to the main harbour. It has two marina berths, a jetty and pontoon.
Michael Milne, jailed for eight years last December for money laundering and tax evasion, is seeking to have the money-laundering conviction overturned in a case in the NSW Court of Criminal Appeal. Milne was caught in the Operation Wickenby tax probe. His wife raised a $5 million surety for his bail when he was initially arrested in 2008. Milne was a client of Philip Egglishaw, whose Swiss firm Strachans sparked the $300 million Wickenby investigation.
The Shellcove Road house has been listed for sale by expressions of interest through Kingsley Yates of Ray White Lower North Shore.
