Man arrested following $1M theft – South Melbourne

Detectives from Port Phillip Crime Investigation Unit have arrested a man today following an alleged $1M theft from a South Melbourne bank, Victoria Police say.

Police have been told a man attended the bank in August this year with a false Chinese passport and arranged to transfer and withdraw $1M.

A 22-year-old Malaysian national was arrested this morning in the Melbourne CBD following the execution of two search warrants.

He is currently being interviewed by police.

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