A former employee of a Sydney-based insurance company will next appear in court in April charged with offences in relation to a $730,000 fraud.

As insuranceNEWS.com.au has reported, the man was charged with making a false document to obtain financial advantage, knowingly dealing with proceeds of crime and dishonestly obtaining financial advantage by deception.

In a media release NSW Police said detectives attached to Sydney City Police Area Command last year started investigations into “allegations of fraudulent activity against an insurance company”.

Police were told 239 fraudulent payments totalling $731,124 had been made by the now 32-year-old man between March 2019 and March last year.

“Investigations determined that fraudulent tax invoices from medical practitioners had been created and authorised, while further legitimate invoices had been altered for payment,” NSW Police said.

It is still not clear which insurance company was affected by the alleged fraud.

The man appeared before the Downing Centre Local Court last week and the case was adjourned until April 14.