BY IAN CROUCH

Lake Macquarie police have arrested a 48-year-old woman over an alleged $240,000 fraud at Cardiff.

The owner of a local business alerted police when he discovered a number of anomalies in the accounting records.

Following investigations, police arrested the woman at her Cameron Park home on Saturday afternoon.

She’s been charged with two counts of dishonestly obtain financial advantage by deception and destroy or conceal accounting record to obtain an advantage.

The woman’s been granted conditional bail to face Toronto Local Court on May 1.