NSW police say one of Australia's largest fraud syndicates has fleeced banks of up to $600 million in fraudulent loans in what one investigator described as the largest financial crime he has seen.

NSW police say one of Australia's largest fraud syndicates has fleeced banks of up to $600 million in fraudulent loans in what one investigator described as the largest financial…

Australia's banks have been defrauded of more than $600 million by one of the country's largest fraud syndicates, NSW Police says.