Man charged over alleged fraud totalling $2 million - Bankstown
Sunday, 02 January 2022 04:48:40 AM
A man has been charged with 15 fraud offences totalling $2 million after allegedly entering loan and lease agreements using illegitimately created ‘shelf’ companies.
In March 2021, officers attached to Bankstown City Police Area Command established Strike Force Yackerboom to investigate reports illegitimate companies had been created using the identities of employees of a printing management company without their knowledge.
Following extensive inquiries and information received, a 37-year-old man was arrested at a home on O’Neill Street, Guildford, about 3.50pm yesterday (Saturday 1 January 2022).
He was taken to Granville Police Station where he was charged with dishonestly obtain financial advantage by deception (x7) and publish false misleading material to obtain advantage (x8).
Police will allege approximately $2 million was misappropriated by the man, after he entered into a number of loan and lease agreements on behalf of the illegitimate companies.
He was refused bail to appear at Parramatta Local Court today (Sunday 2 January 2022).