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AAP
AAP
National
Cassandra Morgan

Businessman jailed over 'breathtaking' $395m NDIS fraud

A businessman has been jailed after duping two firms into giving his company almost $395m credit. (James Ross/AAP PHOTOS)

A judge has jailed a businessman over a "breathtaking" National Disability Insurance Scheme fraud that conned international investors into handing over tens of millions of dollars.

Demetrios "James" Charisiou was jailed for up to 12 years on Friday after he duped two Korean-based firms into giving his company LBA Capital almost $395 million in credit under the guise of investing in NDIS-supported properties in Melbourne.

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