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Cyprus

Six day remand for suspected co-op embezzler

By Evie Andreou

A 46-year-old employee of the Famagusta-Larnaca co-op bank was remanded on Thursday for six days in connection to the suspected embezzlement of around €100,000 from the Dromolaxia branch.

The suspect had turned herself in on Wednesday evening, after she was informed by her lawyer that an arrest warrant was issued against her.

The warrant was issued after the bank’s internal auditor reported to the police that during an audit on Tuesday, around €82,500 was found missing from the suspect’s till as well as some €19,000 from two other employee’s tills.

The court heard that the audit took place following a request by Dromolaxia branch manager. The suspect, who reportedly admitted taking the sum from all three tills, was the head teller of the branch and had access to the bank’s vault and to all the tills.

During a search in her house, the woman handed over three keys, estimated to belong to the tills from which the money was taken.

Police also found blank co-op receipts during a search at the branch, and three documents relating to cash withdrawals amounting to €18,000 between August 13 and 14 by a bank customer.

The court also heard that at the branch, investigators found a deposit book owned by the suspect’s son, two slips for deposits for €45,950 in the name of her mother and father and receipts bearing only the signatures of customers.

The police investigator told the court that statements would also be taken from the suspect’s family, colleagues and customers of the branch.

A warrant is expected to be issued for the disclosure of bank accounts of the suspect, her parents and her son.

Despite admitting to taking the missing sum, the suspect refuses to reveal where it is located, the court heard. A second more detailed investigation is to take place to determine how the suspect allegedly stole the money. Police did not rule out the possibility of more arrests.

 



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