The Obeid family will keep $30 million in proceeds of crime despite family patriarch Eddie Obeid and his son Moses being sentenced to jail terms for their role in a crooked coal deal.
Sources have told this masthead that while the NSW Crime Commission could have proceeded against the family for confiscation of their ill-gotten gains, it was decided that the Tax Office would instead pursue them just for the tax that should have been paid on the money.
Ian Macdonald, Eddie Obeid and Moses Obeid outside court on Thursday.Credit:SMH
Eddie Obeid was sensationally released on bail within minutes of being jailed for a minimum of three years and ten months yesterday after his lawyers flagged concerns about the risk of him contracting COVID and dying should he be held overnight at the Surry Hills police station.
The former Labor MP, aged 77, his son Moses, 52, and former ministerial colleague Ian Macdonald , 72, all received jail terms over their roles in a conspiracy that involved then-mining minister Macdonald committing acts of misconduct benefiting the Obeid family, who received $30 million.
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