A lavish Point Piper mansion called Mandalay, owned by Phillip Lee, is at the center of a high-stakes tax scandal as the Australian Tax Office alleges he funneled hundreds of millions from China to buy luxury properties—including Mandalay—while claiming to shut down his Chinese business. Despite settling a $278 million tax debt (amount undisclosed), a lien remains on the property. The house, purchased in 2015 by Lee’s wife for nearly $40 million, was allegedly funded by his mother using money routed through his then-ten-year-old son. Meanwhile, Lee’s son Felix hosted a high-profile dinner for Prime Minister Anthony Albanese at Mandalay, amid the controversy. The family is now eyeing a neighboring council-owned plot to expand their estate to half an acre, including a steep rock shelf and double garage, with the council considering the sale and an independent valuation. The family will cover all costs, and public comments are still open until August 5th—though Phillip Lee remains silent and Felix, who claims no financial stake, offers no comment.
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