Second woman charged over alleged role in multi-million dollar corporate fraud, NSW

A second woman has been charged 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.

A 43-year-old woman was and charged last Friday (1 March 2019). She remains before the courts.

Following further inquiries, Strike Force Napthali detectives arrested a 43-year-old woman at Sydney Police Centre in Surry Hills about 11am today (Tuesday 5 March 2019).

She was charged with 56 counts of agent corruptly receive benefit, and dishonestly obtain financial advantage by deception.

Police will allege in court that the woman, who was an executive at the financial institution, received bribes in the form of paid personal expenses, to the value of more than $5.4 million from a contractor to maintain the contract and approve overstated invoices.

The Williamstown, Victoria, woman was refused bail to appear via AVL at Central Local Court today.

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

/Public Release. View in full here.