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Corporate fraud linked to NAB

Police are investigating an alleged multi-million dollar corporate fraud at National Australia Bank.

NAB (National Australia Bank) bank signage in Sydney.

Source: AAP

It's understood to involve a former employee of the institution and a former supplier.

A police task force raided two businesses and a home in Sydney today. (Tue)

It's alleged a person received corrupt commissions to authorise inflated invoices sent to the bank by a contractor.

Detectives believe tens of millions of dollars may have been taken over several years before the bank notified police this year.

 


1 min read

Published

By Fares Hassan

Presented by Good Morning Australia 6-9 AM



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