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Indian origin woman to plead guilty for $ 45 m fraud

June 16, 2011 - Canberra

An Indian an origin woman is expected to plead guilty for defrauding her employer of 45 million dollars.

Rajina Rita Subramaniam, 41, was working as a senior accountant with the ING financial group in Australia until her arrest in October 2009 for siphoning off millions of dollars from the company.

Subramanian allegedly spent the money on buying several beachside apartments, champagne bottles, diamond jewellery and Michael Jackson memorabilia.

Police say Subramaniam used ING's money to buy seven prestige properties, including four multimillion-dollar apartments on Bondi Beach's Campbell Parade, and three in Kirribilli.

A search by the police on ING's Kent Street office uncovered a cache of luxury items, including 600 pieces of jewellery, 200 perfume and make-up items belonging to Subramaniam.

The Downing Centre Local court is hearing the case where Subramaniam is facing 37 charges. She is due to appear before the court on June 23.


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