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28 May 2014 – Arrest – $100M Fraud – Fraudulent Loans – Narre Warren

Published May 30, 2014 | By admin

Detectives from the Fraud and Extortion Squad have arrested a man as part of an ongoing investigation into a $100 million fraud.

The 55-year-old Narre Warren man was arrested by police around 9am.

He has been interviewed by police and will be charged with fraud offences.

The man will appear at the Melbourne Magistrate’s Court shortly.

The fraud is alleged to have taken place over the past 10 years and relates to fraudulent loans secured by an accounting firm.

So far police have investigated over 40 incidents totalling around $100 million.

The investigation by the Fraud and Extortion Squad remains ongoing.

Posted in Financial Institution, Fraud, VIC

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