Overview
- Police charged Elic Tang, 32, a Sydney solicitor and sole director of Rosemont Partners, with participating in a criminal group, six deception counts, and five proceeds‑of‑crime counts.
- Detectives allege he helped the Penthouse Syndicate buy more than $25 million in Sydney property and laundered millions believed to be crime profits.
- Officers arrested him in a Punchbowl raid and executed a second search at a law office in Sydney’s CBD.
- Tang was remanded after a brief court mention, with a release application expected at a later hearing.
- Investigators say this strike force targets a network accused of large‑scale bank loan fraud that used stolen identities and even fake “ghost car” purchases, with roughly two dozen people charged to date and $95 million in assets restrained by the NSW Crime Commission.