Australia markets closed

$770,000 gone: Sydney man charged with stealing from employer


A Sydney man is facing a charge of stealing more than $770,000 from his former workplace.

A company based in central Sydney had $773,713 going out via unauthorised transactions between October 2016 and April 2017 and deposited into an account under the accused's name.

The alleged fraud was detected during a financial audit and reported to police in June 2017.

The accused flew out to China in July 2017, but he was arrested at Sydney Airport on Tuesday night and charged with dishonestly obtaining financial advantage.

Bail was denied for the 61-year-old man, who was due to appear at Central Local Court on Wednesday.

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.