Mar.27, 2010, 04:23pm

Police investigating a multi-million dollar money laundering operation have arrested and charged a man with a string of offences.

Harbourside Local Area Command detectives commenced ‘Operation Gulliver’ to investigate the theft of cheques from the mail and the subsequent laundering of those cheques through bank accounts opened in false names.

Investigators have so far uncovered more than 350 false name bank accounts, which more than $8million has been laundered through.

Yesterday (Friday 26 March), a 28-year-old man was arrested at a bank in Campsie, in Sydney’s south-west, and taken to the local police station for questioning by detectives.

The man was later charged with identity fraud and money laundering offences and held in custody to appear in Parramatta Bail Court today.

He is the third person to be charged by detectives attached to the operation.