A former employee of a medical supply company has been charged after allegedly fraudulently obtaining more than $1.2 million from the company, NSW Police say.

Detectives from the Financial Crimes Squad’s Corporate Corruption Team commenced an investigation following reports payments had been made to various personal bank accounts after fraudulent and altered invoices were submitted between July 2015 and February 2017.

Following extensive inquiries, detectives met with a 25-year-old man at North Melbourne Police Station in Victoria yesterday (Monday 12 February 2018).

The South Yarra man was issued with a Future Court Attendance Notice for 39 counts of fraud.

Police will allege in court the man used his position of trust and managerial responsibilities to create fraudulent invoices or fraudulently alter invoices for payment into bank accounts he controlled.

He also allegedly used a company-issued credit card to make unauthorised and fraudulent payments to another company of which he was the sole director.

The total amount of the payments was $1,237,806.

He is due to appear at Downing Centre Local Court on Monday 26 March 2018.

Inquiries are continuing.

The Corporate Corruption Team is a dedicated unit within the Financial Crimes Squad who work closely with financial institutions and other business entities to proactively identify and target employees in a position of trust or enabling fraudulent activity.

Since its inception, the team has charged 38 people with 645 offences, relating to alleged fraudulent activity with a total value of more than $49 million.

Police are urging anyone with information in relation to corporate corruption to call Crime Stoppers.