Detectives from the Fraud and Extortion Squad yesterday charged a man as part of an investigation into alleged property fraud totalling almost $395 million.
The 60-year-old man was charged with five counts of obtain financial advantage by deception.
He has been summonsed to appear at Melbourne Magistrates' Court on 26 March.
The charges relate to finance that was allegedly fraudulently obtained between April and July 2019 when the man was employed at a Melbourne-based property company.
Police will allege the finance was purported to be for the purchase of Melbourne apartment buildings and their planned lease.
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