CLOSE
Loading...
12° Nicosia,
28 November, 2021
 
Home  /  News

Sneaky accountant admits draining company funds

Woman in custody after company accused her of signing checks to herself over two years totaling over €315,000

Newsroom

A woman in Limassol is promising to return stolen money after she was arrested on suspicion of forging company checks and signing them over to herself for a total over €315,000.

According to local media, the finance director of a Limassol company filed a police complaint earlier this week, accusing the accountant of forging checks and stealing hundreds of thousands of euro.

The woman, who did not object to being remanded in custody for eight days, reportedly admitted wrongdoing and said she intended to return the money

Police said a 57-year-old local woman has been arrested and remanded in custody after it was alleged that she forged over 270 company checks over the course of two years, between August 2019 and 5 August 2021.

Details heard in court revealed the nature of the alleged offenses, with prosecutors suggesting the accountant was forging company checks, signing them over to herself, and then cashing them for a total over €315,000.

The suspect is facing multiple charges including cheque fraud, circulating fake documents, and illegal gains.

Police investigators have obtained four statements and expect to conduct another 24 interviews in the case, while efforts are also being made to locate stolen property.

The woman, who did not object to being remanded in custody for eight days, reportedly admitted wrongdoing and said she intended to return the money.

TAGS
Cyprus  |  Limassol  |  accountant  |  check fraud  |  cheque fraud  |  police  |  arrest  |  financial crime

News: Latest Articles

Let's talk Turkey!

Let's talk Turkey!

Tomorrow the US celebrates Thanksgiving Day, the biggest holiday of the year
Shemaine Bushnell Kyriakides
 |  NEWS
X