RAMS Home Loans founder John Kinghorn has been charged with fraud after allegedly avoiding $30 million worth of taxes.

The Australian Federal Police (AFP) alleges the 76-year-old fraudulently concealed his beneficial ownership of two companies – the Jersey-based Kalomo Pacific Leasing, and Kalomo Corporation Limited.

He has been charged with dishonestly influencing a Commonwealth public official and defrauding the Commonwealth, following an eight-year federal investigation.

The AFP alleges that Mr Kinghorn made representations to the ATO that he did not control any unlisted companies outside Australia.

They claim this prejudiced the commissioner’s assessment of his income tax liability.

AFP Assistant Commissioner Neil Gaughan said the charges were the result of an international investigation.

“I'd like to commend the officers involved in this complex and lengthy investigation for their persistence and dedication to ensuring the integrity of Australia's financial frameworks,” he said.

“Serious financial crime poses a threat to Australia's economy, financial markets, regulatory frameworks, superannuation and tax system.

“Commonwealth fraud offences have a significant impact on the Australian public — every dollar represents funds that could have been put to use for the benefit of the whole community.

“This result should serve as a warning that we will use every capability at our disposal to bring allegations of fraud before court.”

The next court date is set for February next year.