Australia's biggest one-person fraud case reaches court
An accountant working for an investment bank is alleged to have pulled off Australia's biggest-ever single-person fraud, news reports said Saturday, DPA reported.
Sydney woman Rajina Subramaniam allegedly stole 45 million Australian dollars (40 million US dollars) from ING Australia Holdings to fund a five-year shopping spree, the Daily Telegraph reported.
Subramaniam, 40, was denied bail Friday on 23 counts of obtaining money by deception.
Subramaniam used the money to buy posh apartments with views of Sydney Harbour and collect top-shelf jewellery and clothes, the court was told.
She is alleged to have bought 40 frocks from Chanel and Armani and diamonds worth millions from Bulgari. The court was told her husband was not in on the fraud and might never have seen the expensive fashion items she bought.
Subramaniam continued to live in her modest home and is alleged to have made her expensive shopping trips during her lunch hour.