Sydney Man Charged For Diverting Almost $10M To His Account
A Sydney man has been charged after he illegally diverted close to $10 million from a financial institution into his personal bank account.
The 35-year-old was taken into custody at Day Street Police Station yesterday over the fraudulent transactions, which totalled up to $9.75 million.
Police allege that the incident occurred between June 2016 and August 2017.
“Between 30 June 2016 and 17 August 2017 police will allege that large amounts of money were fraudulently diverted from a financial institution into a personal account on eight occasions,” police said in a statement.
The man will appear in the Central Local Court today having been charged with eight counts of obtaining financial advantage by deception.
The man currently remains behind bars and has been refused bail.