Tenth man charged over Sydney CTP fraud

Tenth man charged over Sydney CTP fraud | Insurance Business

Tenth man charged over Sydney CTP fraud
Ongoing investigations into a $10m Sydney car insurance fraud that is driving up CTP prices for NSW motorists have led to the arrest of a tenth person.

The move was conducted as part of Strike Force Ravens, set up last August to investigate syndicates targeting the compulsory third-party insurance scheme.

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A 30-year-old man from Bankstown faces fraud charges for lodging a false CTP claim worth nearly $700,000 related to an alleged car crash at Lakemba in March 2015, The Australian reported.

The man is set to appear at the Bankstown Local Court on Tuesday.

The state government is working with the State Insurance Regulatory Authority (SIRA) and the police as it cracks down on fraudsters who exaggerate claims and stage accidents for insurance payouts.

To date, Strike Force Raven detectives have arrested 10 people and filed over 80 charges in relation to a combined fraud of almost $10m, the report said.

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