One of the most impressive properties scrutinised by the ATO in the audit of Phillip Dong Fang Lee’s affairs now carries a hefty mortgage to a private lender and interest rates of up to 18 per cent.

Point Piper’s most famous accused tax cheat, Phillip Dong Fang Lee, is hoping to expand the footprint of his Mandalay mansion.

One of the most impressive properties scrutinised by the ATO in the audit of Phillip Dong Fang Lee’s affairs now carries a hefty mortgage to a private lender and interest rates of…