Detectives are appealing for information that may assist an investigation into allegations of a multi-million-dollar corporate fraud, NSW Police say.
Earlier this year, detectives from the State Crime Command’s Financial Crimes Squad established Strike Force Napthali to investigate allegations of corrupt commissions being paid for contracts.
Investigators have been told about a scheme whereby a person would allegedly receive corrupt commissions to authorise payments by a financial institution of invoices for a contractor, which were in excess of the agreed value of the contract.
As part of ongoing investigations, Strike Force Napthali detectives executed three search warrants at businesses at North Sydney and Milsons Point, and a home at Potts Point just after 9am today (Tuesday 10 April 2018).
During the warrants, investigators seized large amounts of documents and electronic storage devices, which will be examined by the squad’s forensic accountants.
Financial Crimes Squad Commander, Detective Superintendent Linda Howlett, said detectives are working closely with the financial institution’s investigators to establish exactly what has occurred.
"Our Corporate Corruption Team has been working tirelessly to track payments and other funds to determine if an offence has been committed," Det Supt Linda Howlett said.
"From the information we have gathered so far, we know there are people who have significant information that may assist us, and we are appealing for them to come forward.
"These investigations are complex and often protracted, but it’s likely even a small piece of valuable information or insight could assist us in resolving the matter swiftly," Det Supt Linda Howlett said.
Investigations under Strike Force Napthali are ongoing.
Police are urging anyone with information that may assist Strike Force Napthali detectives with their inquiries to call Crime Stoppers.
