Alleged fraudster Adam Cranston's half-built mansion sells

Alleged fraudster Adam Cranston's half-built mansion sells
Alleged fraudster Adam Cranston's half-built mansion sells

The half-built Shire mansion of Adam Cranston, the man behind one of Australia's alleged largest tax frauds in history, has been sold.

The Burraneer home on the pricey Matthew Flinders Place fetched $2,425,000.

Cranston started the rebuild after he bought the former 1960s home with wife Elizabeth for $1,875,000 in 2015.

The property on 935 square metres with views over Port Hacking has approval for a large four bedroom home with pool.

Century21 agent David Wolfhart sold the home. Cranston's property empire has shrunk with sales also sold in Miranda and the Hunter Valley.

Cranston retains the Bondi Beach property where he was arrested last May. 

The couple bought the Simpson Street townhouse jointly for $1,222,000 in 2015.

He is alleged to have de-frauded the ATO of $130 million.

This article first appeared in The Daily Telegraph. 

 

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Sutherland Shire

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