Fresh charges laid over $26.7 million corporate fraud – Strike Force Napthali

Fresh charges have been laid as part of an ongoing investigation into a multi-million dollar fraud against a financial institution.

In February 2018, detectives from the State Crime Command’s Financial Crimes Squad established Strike Force Napthali to investigate allegations of corrupt commissions being paid for contracts with a financial institution valued at more than $40 million over a five-year period.

On Friday 1 March 2019, Strike Force Napthali detectives arrested a 43-year-old woman at a home in Potts Point. She was charged with multiple offences and remains before the courts.

Following further inquiries, the woman, who is now 44, has been charged with an additional 12 offences, relating to alleged fraud totalling $19.4 million.

The woman now faces a total of 74 corruption and fraud-related offences, with an alleged total value of $26.7 million.

She remains on conditional bail and is due to appear at Downing Centre Local Court later today (Thursday 21 November 2019).

A second woman was charged on Tuesday 5 March 2019 and she remains before the courts.

Investigations under Strike Force Napthali are ongoing.

Anyone with information that may assist Strike Force Napthali investigators is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence.

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