Police believe a sophisticated crime syndicate is defrauding NSW’s compulsory third party (CTP) scheme, costing it millions of dollars a year.

“Our inquiries have revealed similar inconsistencies in hundreds of claims, which we suspect is the work of an organised group,” Detective Superintendent Arthur Katsogiannis said.

Police last week recovered a vehicle from the Georges River and seized documents and electronic storage devices during raids in Auburn and Bankstown.

Investigations are continuing and further operations are expected.

The state police force’s Fraud and Cyber-crime Squad established Strike Force Ravens last August to pursue criminal syndicates targeting the CTP scheme.

Detective Superintendent Katsogiannis says it is important that legal and medical professionals conduct due diligence when dealing with claimants, to ensure their integrity is not comprised.

“As we appeal to the community for information that may assist us… I am also warning anyone who may be involved in making or assisting with false CTP claims to expect a visit from Strike Force Ravens detectives very soon,” he said.

The NSW Government has introduced CTP reforms that reduce access to lump sum payments, aimed at cutting fraud.

“Every NSW motorist is paying a higher greenslip premium because of this illegal and unethical behaviour,” Minister for Finance, Services and Property Victor Dominello said.