Campbelltown police have helped arrest a fifth man in relation to a large-scale fraud syndicate across Sydney.
The 34-year-old man was charged with more than 200 offences after police dismantled the syndicate and recovered 18 luxury vehicles.
Campbelltown detectives established Strike Force Jib in July 2017 to investigate a syndicate involved in frauds against financial institutions. The financial loss exceeded $4.5 million.
Police allege the syndicate obtain luxury motor vehicles through fraudulent finance applications, then on-sold the cars in NSW in interstate for financial gain.
The investigation recovered 18 vehicles including Mercedes Benz's, Range Rovers, an Audi RS6, GTS Holden Commodore, Ford Ranger and Toyota Land Cruiser.
Four men - aged 36, 35, 34 and 25 - were already charged for their alleged involvement in the syndicate. They remain before the courts.
Officers had previously attempted to arrest the fifth man were unsuccessful, after he allegedly repeatedly rammed a police vehicle at Condell Park in September last year, before evading police.
With the assistance of Strike Force Raptor, the South West Metropolitan Regional Enforcement Squad, the Dog Unit and Polair, Strike Force Jib successfully arrested the 34-year-old man at a Greenacre home on Friday, April 12.
Police seized a Mercedes Benz C63 AMG which was in the garage.
He was taken to Bankstown Police Station where warrants for 210 offences were executed.
The faced Parramatta Bail Court on Saturday and was refused bail to face Central Local Court today (Wednesday, April 17).
Campbelltown crime manager Detective Chief Inspector Greg Inger praised the work of the investigators in successfully dismantling the group.
"We are committed to tracking down, arresting and charging anyone involved in fraudulent activity and encourage community members to help us find these criminals," Detective Chief Inspector Greg Inger said.
Investigations under Strike Force Jib continue.