CBD firm defrauded of $800,000; man charged

A man has been charged after allegedly defrauding his former employer of nearly $800,000.

Between October 2016 and April 2017, it’s alleged the man directed unauthorised transactions totalling $773,713 from the company’s bank account to an account operated in his name.

The man was previously employed at the company, located in Sydney’s CBD.

In June 2017, the alleged fraud was discovered by the company during an audit of its financial records and the matter was reported to police from Sydney Police Area Command on Thursday 8 June 2017.

Investigations revealed the man had left Australia on a flight to China on Monday 17 July 2017 and an arrest warrant was issued.

At 8pm yesterday, (Tuesday 9 July 2019), investigators arrested a 61-year-old man at Sydney Airport.

He was taken to Mascot Police Station where he was charged with dishonestly obtain financial advantage etc by deception.

He was refused bail to appear at Central Local Court today (Wednesday 10 July 2019).

/Public Release. View in full here.