These TEE networks are common when the large required resistance is not practicable.
A simple way to consider it is that the 100 k resistor (at op amp output) and 1.02 k resistor feed about 1/100 of the amplifier output voltage to the other 100 k resistor at the input, making the current through that resistor to the "virtual ground" 100 times smaller than that through a 100 k resistor from the output. Therefore, the feedback current equals the current through a large resistor (100 x 100 k = 10 megohm).
This has other problems, though, including that the "noise gain" (voltage gain for the amplifier input noise and offset voltages) is increased from unity to x100. Also, the thermal (Johnson) noise current in the circuit is that of the 100 k resistor, not the equivalent 10 megohm resistor, so the noise increases (when driven from a high-impedance source such as a photosensor).
This is an example of the general "Y-Delta" transformation, which is very powerful for circuit analysis:
https://en.wikipedia.org/wiki/Y-%CE%94_transform