Cyprus Mail
Crime Cyprus

Fresh remand for co-op employee suspected of embezzlement

A 46-year-old employee of the Famagusta-Larnaca co-op bank was re-remanded on Wednesday for four days in connection with the suspected embezzlement of around €100,000 from the Dromolaxia branch.
She is also being investigated for forgery and money laundering.
The story came to light on August 18 after the bank’s internal auditor reported to police that during an audit, around €82,500 was found missing from the suspect’s till as well as some €19,000 from two other employees’ tills.
She handed herself in to police last Wednesday after her lawyer informed her an arrest warrant had been issued against her for offences that took place between January 1, 2007 and August 14, 2015.
As head teller, she had the keys to the bank’s vault and all the tills. She admitted that for eight years she had managed to trick her supervisor during any checks. She said she gave some of the money to her children to buy a car.
The rest of the money was spent on clothes, shoes, bags and beauty products, she told police.
In addition to this case, on August 20 and 24, two co-op customers reported to Larnaca police that they believed the suspect had taken €50,000 and €45,000 respectively from their accounts.
Since her first remand, other cashiers, co-op staff, customers and family members have given statements to police. Several documents, receipts and account statements are being scrutinised.
Police have issued a warrant to see her bank account and home.
During a search at the bank, police found blank co-op receipts 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.

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