Fraud Squad detectives have laid charges against an employee of VM Group financial institution after accusing him of major fraud.
The employee, Christopher Russell, was arrested last week, following allegations that he stole nearly $10 million from the bank.
He remains in custody and is booked to appear before the St. Andrew Parish Court in August 4.
Mr. Russell, 36, has been charged with several counts of larceny as a servant and breaches of the Cybercrimes Act.
It's alleged that between August 24 and May this year, Mr. Russell, who was employed as an accounting and support officer at the Duke Street branch of VM Group, used his position to access funds from several bank accounts.
It's alleged that over the period in question, he transferred funds to his personal account and other accounts held at other financial institutions.
A total of $9.2 million was allegedly illegally transferred.
The fraud was uncovered and he was arrested on July 16. He was charged two days later.
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