Man charged with fraudulent offences totalling $4.5 million, NSW

A man will appear in court after he allegedly defrauded a company of about $4.5 million over a three-year period, NSW Police say.

Police will allege that between October 2012 and September 2015, the man, a former director of the company, made 621 unauthorised transactions totalling $4,479,753 from the firm’s bank account into a number of credit cards and unauthorised cash withdrawals.

Detectives from Eastern Suburbs Local Area Command established Strike Force Tawny in September 2015 to investigate the fraudulent transactions.

About 11.30am today detectives, attended a residence in Double Bay and arrested the 63-year-old man.

He was taken to Waverley Police Station and charged with four counts of dishonestly obtain financial advantage by deception.

He was given conditional bail to appear at Waverley Local Court on 5 September 2017.

/Public Release.