How the Binetters funnelled out $27m to fund their great escape
As Nudie Juice co-founder Emil Binetter was losing his mind while hiding in Israel, he was ranting about a secret Zurich bank account linked to a string of Panama shell companies.
In the secret ways of the offshore world, the darkest fear for those who hide their wealth is not discovery. It’s losing their mind.
Emil Binetter and his brother Erwin had been using back-to-back loans for decades to avoid Australian tax. But when Emil, gripped by dementia in the months before he died, told his son Gary he had a Zurich bank account with UBS, Gary says he didn’t believe him.
Neil ChenowethSenior writerNeil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
