According to Melbourne-based daily The Age, Onn is accused of dodging taxes on "tens of millions of dollars" in profit from property deals in Australia over the past two decades.
Dubbed by daily as Malaysia's second richest man after Taib, Onn is accused by a former business associate of not paying tax on a property deal that got him capital gains of AU$10.8 million (RM33.863 million).
Farok Abdul Majeed, who in 2006 made a successful claim in court that Onn owed him more than AU$3.8 million (RM11.914 million), told The Age that the proceeds from the deal were repatriated to a trust based in the Cayman Islands.
"All his operations were carefully structured to ensure that he paid no tax in Australia," said Farok.
Global scrutiny of Taib family assets
Onn is alleged to have quietly divested his vast Australian property portfolio around 2007 following growing international scrutiny of businesses related to Taib's family.
A company called Crone Partners also claimed that Onn owed it more than AU$500,000 for architectural and design services for some one dozen projects.
"The bulk of our work was never paid for," says Greg Crone. "We were shocked when he sold up and then just disappeared off the face of the Earth. When someone like this just disappears and leaves a shitload of debt, it is just unbelievable."
The article concluded by saying that debtors may be able to gain a settlement should BN be unseated in Malaysia's May 5 general election and replaced with an administration led by Anwar Ibrahim, who promises to be tough on graft.
"And the Sarawak leadership, key backers of the current national government, are expected to be a focus of any such crackdown," the news article says.
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