By Christine Chen

SYDNEY (Reuters) -Police arrested and charged a former National Australia Bank employee who they alleged was the “gatekeeper of funds” for a sophisticated Sydney crime syndicate that has been accused of defrauding “all financial institutions.”

Early Thursday, financial crime detectives arrested a 36-year-old man at a property in western Sydney and seized A$60,000 worth of luxury jewellery and watches, police said on Friday.

He was refused bail and has been charged with 19 offences including using dishonesty to obtain financial advantage, participating in a criminal group and recklessly dealing with crime proceeds.

Police said the syndicate allegedly orchestrated fake car financing schemes and loan fraud amounting to more than A$200 million ($130 million) across all fi

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