A 52-year old Forde man stands accused of stealing almost $1 million from bank accounts over a three year period.
Police say an investigation into a theft of $17,000 from a corporate account turned into a $1 million money trail, after a series of suspicious bank transactions were uncovered between November 2008 and February 2012, totalling $987,000.
The man was the sole beneficiary of the the fraudulent transactions.
Police executed eight search warrants on the man’s house and bank accounts which were allegedly used to move the stolen funds.
The man is summonsed to appear in the ACT Magistrates Court on January 25.