Fraud Squad probing disappearance of $300k from Siparia Regional Corporation

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Fraud Squad probing disappearance of $300k from Siparia Regional Corporation

Over $300,000 has gone missing from the already cash-strapped Siparia Regional Corporation (SRC).

Councillor for Avocat/San Francique Doodnath Mayrhoo said based on information he had received a cheque was made out by the SRC and an employee went to the bank to cash the cheque.

He told media, “The bank became suspicious and realised that the cheque was tampered with and the figures on the cheque had been changed to a larger amount. They went to another bank and the cheque was cashed. There were some red flags raised and then it was picked up when the bank realised it was a fraudulent cheque.”

Mayrhoo added: “Someone initialled the cheque and when the bank officials checked the signature they realised it was different.”

All transactions done by the SRC are now being flagged by the bank and the teller always checks with the SRC Accounting Department for verification before cashing any cheque.

Chairman of the corporation Dinesh Sankersingh is hoping criminal charges will be laid and the money returned.

The Fraud Squad is conducting an investigation.

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