A long-serving bank employee has been charged with stealing around $2 million from his employer over an eleven-year period.

The 36 year old South Hurstville man was arrested yesterday by police from the City Central Local Area Command and questioned over the alleged fraud before being charged with obtaining money by deception.

He has been conditionally bailed to appear in Sydney’s Downing Centre Local Court on April 21.

Police allege the man opened a false account eleven years ago and transferred funds into it.

He allegedly used a large line of credit attached to the account to make a successful bid on a luxury property at Sandringham in Sydney’s south.
 
Police also say the man allegedly created a line of credit for a relative the day before stopping work with the bank. The deal allegedly was made without the proper paperwork or security requirements being satisfied.

The investigation is continuing.