In a recent development, two businessmen have been sentenced to a prison term of 6 years. The two people have been found guilty of a tax fraud.

An investigation called Operation Wickenby was carried out by the tax office. The investigation revealed that the two of them had duped the Government, of over $2 million. The pair had a Company, which manufactured and circulated telephone directories. Their partner in the Company was Glenn Luke Hargraves.

The offence committed by Adam John Hargraves, 39, and Daniel Aran Stoten, 38 has been termed as non bailable. The Queensland Supreme Court has sentenced them to a prison term of six and a half years.

The pair has been in jail since March, after their fraud came to light. However, no charges were found against Glenn Hargraves. Glenn is the brother of Adam Hargraves.

The two men wanted to blow up their Company's expenditure. So they made an arrangement with Strachan, which is a Swiss accountancy firm. Consequently, the Company set up a composite overseas network of Companies and trusts. Large amount of money was placed in bank accounts abroad. Then Hargraves and Stoten along with their wives withdrew the sum.

In the absence of this scam, a tax of $2,228,770 would have been paid to the Government.