NSW: Accountant charged with fraud after shop owner swindled

AAP General News (Australia)
12-30-2008
NSW: Accountant charged with fraud after shop owner swindled

EDS: Updating on revised information from police



SYDNEY, Dec 30 AAP - An accountant has been charged with fraud after a business owner
in Sydney's inner-west was fleeced of almost $300,000.

Police allege the owner of a food market in Leichhardt was fleeced of $282,799 in August.

The owner allegedly gave the money to the accountant, who had told him that he (the
owner) was required to pay off a government debt.

Instead, the cheque was deposited in a private company account.

A 48-year-old man from Greenacre was arrested on Monday and charged with fraudulent
misappropriation of valuable securities.

He was refused bail and was due to face Central Local Court later on Tuesday.

AAP wjf/srp

KEYWORD: MARKET UPDATE

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