Sham Sale and a Dead Director: The $1m Fraud Case Against Ex Tax Official Nick Petroulias The Independent Commission Against Corruption's Operation Skyline report has revealed a staggering tale of corruption and deceit involving former assistant tax commissioner Nick Petroulias, his partner Despina Bakis, and others.
At its core is a sham sale that allegedly saw the duo scam over $1 million from the Awabakal Local Aboriginal Land Council (ALALC) around Newcastle and Lake Macquarie.
The ICAC's findings portray Petroulias as the "controlling mind" behind Gows, a company secretly controlled by him.