Police have charged five people and seized four luxury vehicles worth over $600,000 as part of an investigation into fraudulent loan applications allegedly submitted to obtain the vehicles.
Investigators will allege those involved were using fraudulent identity documents to submit loan applications to financial institutions to purchase high end vehicle which were then on sold for profit.
As part of a six-month investigation, four luxury vehicles have been seized.
Police executed search warrants in Wollert on Monday.
A 54-year-old Wollert woman was charged with two counts of obtaining financial advantage by deception.
A 28-year-old Wollert man was charged with two counts knowingly deal with the proceeds of crime.
A 27-year-old Donnybrook man was charged with three counts of knowingly deal with the proceeds of crime
Four search warrants were previously executed in Wollert, Tullamarine, Craigieburn and Donnybrook late last year.
A 26-year-old Wollert man was charged on January 1 with obtaining financial advantage by deception.
A 23-year-old Roxburgh Park man was charged on January 1 with obtaining financial advantage by deception.
Anyone with information on fraudulent activity is urged to contact Crime Stoppers on 1800 333 000 or submit a confidential report online at www.crimestoppersvic.com.au
