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

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.