Sydney man charged over alleged $2 million fraud
A Sydney man has been charged over the alleged fraud of around $2 million.
Police allege the 37-year-old man amassed the illegitimate fortune by entering loan and lease agreements for fake "shelf" companies using the identities of staff at a printing management company without their knowledge.
He was arrested at a home in Guildford, in Sydney's west, about 4pm yesterday.
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A Sydney man has been charged over an alleged $2 million fraud plot. Getty
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He was taken to Granville Police Station where he was charged with dishonestly obtaining financial advantage by deception and publishing false or misleading material to obtain advantage.
"Police will allege approximately $2 million was misappropriated by the man, after he entered into a number of loan and lease agreements on behalf of the illegitimate companies," NSW Police said.
The man was refused bail and will appear in Parramatta Local Court later today.
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