AFP places caveat on alleged fraudster’s home
The Australian Federal Police Criminal Assets Confiscation Taskforce has registered a restraining caveat over the title of the Dural abode of pharmacist Ben Huynh.
The Australian Federal Police (AFP) Criminal Assets Confiscation Taskforce registered a restraining caveat last week over the title of the Dural abode of pharmacist Ben Huynh.
It lobbed just days after the seven bedroom, five bathroom house with tennis court and pool was briefly listed by McGrath West agents Peter Pokorny and Elise Lau for June auction.
Their marketing, which has now been removed from listing sites, advised it was “an excellent opportunity to buy an expansive two-hectare estate in a tightly held enclave.”
The AFP caveat arose from orders made May 22 by the NSW Supreme Court.
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It was the first time the AFP had lodged a caveat since the late 2023 arrest of the veteran pharmacist arising from allegations he had engaged in fraud since 2014 relating to the Pharmaceutical Benefits Scheme. Police allege the pharmacist submitted false claims for medications.
Huynh, who for 26 years operated the Cabramatta East Day and Night Pharmacy, was released on bail after his arrest and is scheduled to next appear before court on June 6. Huynh is yet to enter pleas.
His wife, Le Thach, is not accused of any wrongdoing.
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The title of his Dural abode, Stonelea Manor is no longer in his name, being transferred last November from joint ownership to the sole ownership of his wife.
Documents from the NSW Land Registry show it was transferred “without monetary consideration and as regards a court order”.
Huynh and Thach had briefly mortgaged the property in March last year with a $5.87m N1 Holdings mortgage facility for a one-year period, at a rate of 12.5 per cent.
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The mortgage was discharged as she took sole ownership, with the property refinanced through Orde Mortgage Custodian. It cost $1.91m in 2001.
The Saturday Telegraph’s Shannon Tonkin reported last week that Huynh had lost a legal bid to have federal police return his multimillion-dollar collection of eight supercars seized during the police raid in November 2023.
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Originally published as AFP places caveat on alleged fraudster’s home
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