In late September, 32-year-old Muhammed Bhatti, a Pakistani national, walked into an ANZ branch in Bankstown Shopping Centre and drew a bank cheque for $240,000. Within days, he drew another cheque at the Kogarah branch for the same amount.
Aside from that $480,000 in bank cheques, Mr Bhatti, the sole shareholder of Unique Star Trading, pulled out cash all over Sydney.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
