Australian man accused of $ 2 million fraud

Sydney, Australia — After signing a loan and lease agreement using an illegally created “shelf” company, we will face an NSW court accused of misappropriating approximately A $ 2 million.

New South Wales police have followed an investigation into reports that the 15 accusations he is facing were used without the identity of an employee of a print management company to create an illegal company. It states.

On Saturday, police arrested a 37-year-old man in Gilford.

He was charged with seven counts of fraudulent monetary gains from deception and eight counts of publishing misleading material to profit.

Police would claim that about A $ 2 million was diverted by the man after he signed many loans and leases using an illegitimate company.

He was denied bail to appear in the Parramatta District Court on Sunday.

By Liza Kappelle