A 74-year-old man has been arrested as part of an investigation into alleged fraudulent activity at Geelong-based not-for-profit organisation genU.
The Leopold man was arrested on Thursday and interviewed by police in regards to the investigation which started in February 2023.
He is the second person to be questioned over the matter, after investigators identified suspicious activity relating to accounts being wrongfully charged to the organisation.
A 57-year-old Newtown man was questioned last month and released.
The suspicious activity is alleged to have happened over the course of about five years and involves several million dollars.
Detectives are continuing to work through financial and business records from the organisation, and are keen to speak to anyone who may have further information.
