Craig Raneberg, who was the CFO of Minter Ellison SA/NT for 10 years before being made redundant in June, was arrested at Sydney Airport on Saturday (1 October) while attempting to pass through customs.

ABC News reports that Raneberg had planned a short stay in Australia before returning to Thailand, where he has been living since evidence of the alleged fraud was discovered.

Minter Ellison informed police in August that an internal investigation had uncovered that Raneberg appeared to have fraudulently misappropriated a large amount of money from partner funds.

The firm insisted that clients were not affected.

Evidence presented in a civil case launched by Minter Ellison against Raneberg in the Supreme Court of South Australia alleges he withdrew at least $26,000 from a practice account over several years while working at the firm.

Raneberg is currently being held without bail and will be extradited to Adelaide to face six counts of dishonestly taking property without the owner's consent.

The firm declined to comment when contacted by Lawyers Weekly.