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NAB top brass rocked by 'fraud'

James Frost
James FrostFinancial services writer
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An alleged fraud involving a trusted NAB lieutenant and a key contractor worth millions of dollars has left executives at the highest level of the bank reeling after NSW police conducted raids on three Sydney premises on Tuesday morning.

Warrants were served on the headquarters of events management company Human Group, an accountant and the residence of Human Group founder and director Helen Rosamond to investigate an alleged scam involving overcharging and kickbacks investigated by Strike Force Napthali.

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com

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    Original URL: https://www.afr.com/business/banking-and-finance/nabs-top-brass-rocked-by-fraud-20180410-h0yl4i