AAP General News (Australia)
04-01-2008
NSW: Bank employee accused of $2 million fraud
SYDNEY, April 1 AAP - An employee accused of defrauding a bank of $2 million will face
court in Sydney later this month.
The 36-year-old South Hurstville man allegedly transferred the money into a fake account
over an 11-year period.
Police, who have refused to name the bank, said he attached a large line of credit
to the account before buying a luxury property at Sandringham in Sydney's south.
It's also alleged the man created a line of credit for a relative, without paperwork
or security, the day before he left his job at the bank.
The man was arrested yesterday and charged with obtaining money by deception.
He was bailed to appear at Downing Centre Local Court on April 21.
AAP kd/wjf/imc/de
KEYWORD: BANK
2008 AAP Information Services Pty Limited (AAP) or its Licensors.
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