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Sungkar, a senior business banking manager at NAB’s Bankstown business centre, was taken to Cabramatta police station and charged with 19 offences after allegedly facilitating around $10 million worth of fraudulent business loans for the syndicate. They include participating in a criminal group, nine counts of dishonestly obtaining financial advantage by deception, and three offences related to dealing with the proceeds of crime. He was also charged with four counts of possessing or attempting to possess anabolic steroids and two counts of possessing or attempting to possess a restricted substance. Sungkar, whose arrest came hours before NAB announced an annual profit of $7.1 billion, was refused police bail to appear in Fairfield Local Court on Friday. Addressing the growing scandal for the first time, NAB chief executive Andrew Irvine on Thursday told the Herald: “Insider fraud is always difficult, we’ve got zero tolerance for it, and you can be sure that we’re looking at all of our processes and controls to make sure that those are strengthened as we go forward.” Sungkar has been sacked by the bank, having initially been stood down pending the outcome of internal and police investigations.
