ACT Policing yesterday (Friday, August 1) arrested a 53-year-old Franklin man on multiple fraud charges after a lengthy investigation into a series of financial transactions.

Police will allege the man was involved in a series of financial transactions in an effort to purchase multiple properties worth millions of dollars in the ACT, Queensland and NSW.

On July 18, police executed a search warrant on the home of the alleged offender and seized a number of documents. On July 22, a further search warrant was executed on a home in Cremorne, NSW.

Police will allege the offender used personal and company bank accounts to launder money obtained through elaborate fraudulent dealings.

He was arrested at his Franklin home yesterday and conveyed to the ACT Watch House. He will face the ACT Magistrates Court this morning (August 2) on three charges of obtain property by deception, and one charge of attempt to obtain financial advantage by deception. Investigations are ongoing.