Senior NCB Employee Arrested In Multimillion-Dollar Fraud
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A senior National Commercial Bank (NCB) employee was arrested Wednesday in connection with a multimillion-dollar fraud. The arrest was made at the bank in St Andrew, and the employee will be interviewed by investigators today.
Assistant Commissioner of Police Anthony McLaughlin confirmed the arrest, but he was unable to provide further details yesterday because he had just received the report.
While the exact quantity of money defrauded could not be ascertained, the money is believed to be in the millions.
According to The Star, Dane Nicholson, NCB’s manager of special investigations in its Fraud Prevention Unit, declined to comment.
Additional reports from the Observer alleged that the employee transferred money from several accounts at the bank into other accounts he had in his possession, and he would later withdraw the money from those accounts.
NCB reportedly discovered the fraud and alerted the police.
NCB has been under repeated fraud attacks since the year began. In May, former NCB senior manager Andrea Gordon was sentenced to seven years and six months in prison after confessing to defrauding $34 million from the bank.
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