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Sydney executive allegedly stole $10 million

Sydney police allege hundreds of payments totalling $10.3 million were authorised by an employee into personally-controlled bank accounts over 11 years.

Australian currency.

A Sydney man has been charged with siphoning $10.3 million from his multi-national employer. (AAP)

A senior finance officer from Sydney allegedly stole almost $1 million a year over an 11-year-period from the multi-national company he worked for - without anyone noticing.

NSW Police have charged the 36-year-old man with frauds valued at more than $10 million after being tipped off by the company a month ago.

It's alleged hundreds of payments totalling $10.3 million were authorised into personally-controlled bank accounts between 2004 and 2015.

The Beaumont Hills man was granted bail on Wednesday and is scheduled to appear at Parramatta Local Court in mid-January.

 


1 min read

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Source: AAP



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