Day agreed to be interviewed on the condition he would not name any entity or individual. He is very careful. But he confirms the J5 chiefs began hunting for the sort of leaked data that informed the Panama Papers. He also confirms the title of the J5’s biggest investigation: Atlantis — the name of a mythic Greek island.
And the chink in the armour that triggered Atlantis?
According to a source with involvement in the overseas operations of the tax probe, a leak of the account details of thousands of Euro Pacific customers opened up lines of inquiry. Once the J5 had the information, customer names were matched against criminal databases held by police and tax agencies around the globe, along with income tax declarations. The information revealed Euro Pacific’s customers included entities linked to a who’s who of financial and organised crime. Among them was Sydney businessman Simon Anquetil, the mastermind behind Australia’s biggest tax fraud, Plutus Payroll.Simon Anquetil during his Plutus Payroll days.
The Plutus fraud, hatched in 2014, started as a payroll services company but morphed into a scheme that stole millions of dollars from the tax office that paid for fast cars and glitzy events graced by the likes of Miss World Australia. By the time police arrested Anquetil in May 2017, they estimated he had stolen more than $105 million.
Sources say another of Euro Pacific’s account holders is Australian entrepreneur and Hollywood film financier, Darby Angel.
Angel first appeared in public records in 1996 when he was convicted in the Melbourne Magistrates Court of drug trafficking.
When approached for this story, Angel was quick to contact the same lawyer who represented him back in 1996 – Melbourne’s Bernie Balmer, the gruff-speaking defence lawyer who goes by the name Bernie the Attorney. Angel said he’d never heard of the bank and denied any involvement in wrongdoing outside of his historic drug conviction. It must be...