'Perfect storm': How banks allegedly defrauded of up to $600m

NSW police say one of Australia's largest fraud syndicates has fleeced banks of up to $600 million in fraudulent loans in what one investigator described as the largest financial crime he has seen.

This story was originally reported by ABC News Australia. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.