A man has been charged after allegedly defrauding building contractors and suppliers across Sydney since 2012, NSW Police said.
Detectives from State Crime Command’s Fraud & Cybercrime Squad established Strike Force Sepal to investigate fraudulent activity following the insolvency of Saferway Constructions Pty Ltd.
Police will allege in court that a new company was established to avoid liabilities incurred, to gain financial advantage and to defraud numerous building sub-contractors and building material suppliers.
Following extensive inquiries, a man was arrested at Parramatta Police Station today (Thursday 15 October 2015).
He was charged with seven counts of dishonestly obtain financial advantage by deception and make false document to obtain financial advantage.
He has been granted strict conditional bail and is due to appear at Burwood Local Court on Thursday 12 November 2015.
As their inquiries continue, Strike Force detectives are appealing for anyone who may have information relevant to the investigation to come forward.