Former NSW Bank Workers Charged Over $37 Million Fraud

The logo of the National Australia Bank is displayed outside its headquarters building in central Sydney, Australia, on Aug. 4, 2017. David Gray/File Photo via Reuters

A former NSW bank employee is facing a raft of charges over an attempted fraud against the National Australia Bank (NAB) valued at more than $21 million.

Detectives from the State Crime Command’s Financial Crimes Squad uncovered fraudulent bank deposit guarantees had been used to buy properties across the state, for an inflated commission.