Employee of a Latvian Bank Embezzled 203,000 Euros from Depositors 0 18

The State Police reports that the investigation has been completed and a case has been sent to the prosecutor's office to initiate criminal proceedings against a bank employee for economic crimes committed over 17 years.

The credit institution is forced to compensate the material damage inflicted on depositors, as a result of which it itself has obtained the status of a victim.

The investigation began after the State Police received a report from one of the bank's clients, who informed about possible criminal activity. In connection with the received information, a criminal process was initiated on August 5, 2020.

And, as it turned out, while holding the position of branch manager, the suspect abused her powers for a long time — from December 2003 to May 2020.

The employee, without the clients' knowledge, arranged contracts for remote banking services, registered the issuance of new code cards or code calculators and payment cards, terminated contracts for deposits and savings, arranged loan agreements, and illegally transferred clients' money, thus gaining access to their deposits.

The suspect acted quite cunningly: to conceal her actions, she used part of the funds to cover the demands of other clients. In total, the woman illegally used the payment means of 19 people. The damage amounts to at least 203,000 euros.

Previously, the woman had not come to the attention of the police.