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13 August, 2020
 
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Woman in white collar scheme not talking

Chief accountant in Limassol remains silent as police investigate embezzlement of nearly €1.5 million

Newsroom

Police investigators are fishing out more details in a while collar crime in Limassol, where a woman accused of embezzling over €1 million was said not to be cooperating with police.

According to local media, a 49-year-old local woman was remanded in further custody for eight days as she is facing multiple charges including money fraud and embezzlement offences.

Authorities have already confiscated three luxury cars registered to her name and investigators are also said to be requesting access to her bank accounts and a possible freeze of her assets.

The suspect had been making odd requests to employees regarding cheques, such as asking them to leave spaces within specific brackets

The suspect, a chief accountant at a firm in Limassol, is being accused of making illegal money transfers using forgery and cheque fraud to the tune of at least €1,380,000. The woman is also accused of stealing €73,000, with all alleged crimes taking place between 2017 and 2020.

Additional reports said the suspect had been making odd requests to employees regarding cheques, such as asking them to leave spaces within specific brackets.

The suspect has chosen to remain silent, local media said, with investigators not ruling out that other people may be involved. Her assistant, a 29-year-old local woman, was also arrested during the course of the investigation but was later released after prosecutors said there was no evidence that would warrant her detention.

Local media said the company had hired chartered accountants to investigate the two women after getting wind of financial irregularities.

The main suspect could be facing conspiracy, while initial charges included theft, forgery, and illegal gains under false pretences.

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