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The corrupt relatives behind one of Australia's richest people

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The corrupt relatives behind one of Australia's richest people
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⏷ This article is from 2026-08-16 • More recent news →
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A report focuses on Phillip Dong Fang Lee, described as an unusual case among Australia’s richest people despite his limited history of launching major corporate enterprises in the country. It cites his spending of $39.9 million in cash for a Point Piper mansion and more than $2.2 billion invested in Star’s Sydney casino, as well as a fundraiser last month at his family home, Mandalay, hosted by his 25-year-old son Felix Ming Ze Lee for Prime Minister Anthony Albanese. The Australian Taxation Office scrutinized Lee over a $280 million debt, alleging he secretly controlled business and financial interests in China and that supposed “loans” were “sham arrangements” to conceal income.

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