Overview
- Detectives raided a Dover Heights home on Wednesday, arresting 53-year-old Anya Phan and a 25-year-old woman linked to an alleged syndicate.
- Phan was charged with 39 offences including directing a criminal group and multiple deception counts, and she was refused bail ahead of a Downing Centre hearing on Thursday.
- The younger woman was charged with deception, proceeds-of-crime and identity offences, and she was granted conditional bail to face court in January.
- Police allege clients from Sydney’s Vietnamese community were persuaded to take out loans after promises of a “billionaire” future, with money diverted to the network.
- Investigators say the case grew from ‘ghost car’ finance fraud into broader bank loan schemes, with 17 people previously charged and inquiries into professional facilitators, including bank staff, continuing.