Alleged NSW fraudster granted bail

An alleged fraudster accused of swindling almost $4 million from superannuation funds over eight years to fund a gambling habit has been granted bail.

Senior administrator Luke Neckovski, 52, allegedly altered documents to funnel money from superannuation funds into several other bank accounts and was subsequently been charged with 23 counts of dishonestly obtaining financial advantage by deception and 16 charges of obtaining money by deception.

"More than $3.9 million was transferred and then withdrawn over a period of eight years with the funds used for gambling," police said.

Neckovski, from Rhodes in Sydney's west, was arrested in late November at his workplace and charged by fraud and cybercrime squad detectives.

He was granted bail at Burwood Local Court on Thursday and is due before the same court on January 28.