By Clinton McGregor
Radio Jamaica News has been informed that the fraud scheme uncovered at the Liguanea Branch of Sagicor Bank in St. Andrew, has risen to $65 million dollars.
Sources told Radio Jamaica News on Thursday that the audit has revealed that $65 million was allegedly stolen by two senior executives at the bank who have since been charged.
Bank manager Tricia Monique Moulton, 40, has been charged with conspiracy to defraud, access with intent to commit or facilitate an offence, unlawfully making available device or data for the commission of an offence and computer related fraud.
She has also been charged with breaches of the Proceeds of Crime Act and larceny as a servant.
The second accused, 42-year-old Malika McLeod, is a personal banker at the Liguanea Branch of Sagicor Bank.
Miss McLeod is also charged with conspiracy to defraud, access with intent to commit or facilitate an offence, unlawfully making available device or data for the commission of an offence, computer related fraud, breaches of the Proceeds of Crime Act and larceny as a servant.
The two, who are now out on bail, are scheduled to appear before the St. Andrew Parish Court on Friday.
Investigators of the Counter-Terrorism and Organised Crime Investigations Branch (C-TOC) have alleged that over the period August to October 2022, the two women, in their senior capacities at the bank, conspired and defrauded the US Foreign Currency accounts of about six Sagicor customers.
It's further alleged that the accused women created fraudulent accounts in the customers' names, then transferred funds from the legitimate accounts to the fake accounts and thereafter stole the funds.
Radio Jamaica News was informed that more than $40 million was taken from one account.
The investigation is ongoing and the police say others are likely to be charged.
