Overview
- NSW Police arrested Timotius 'Donny' Sungkar, 36, during a Thursday raid in Bonnyrigg and charged him with 19 offences including fraud, participation in a criminal group and dealing with crime proceeds.
- He was refused bail and was due to appear in Fairfield Local Court on Friday.
- Detectives allege the former senior NAB business manager acted as an insider facilitator for roughly $10 million in business loans, describing him as a gatekeeper of funds.
- The strike force investigation began with so‑called 'ghost car' applications using stolen identities and has widened to large‑scale personal, business and home loan fraud across multiple banks.
- Police estimate the syndicate’s haul at well over $200 million, with the NSW Crime Commission restraining about $60 million in assets to date, and NAB says customers have not been impacted and the bank terminated the employee and is cooperating with recovery efforts.