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Bank employee detained over investment plan.

A bank employee was due in court in Nicosia on Tuesday for allegedly taking almost e1/4400,000, from people for a supposed investment plan.

The 37-year-old woman, who was arrested on Monday, is said to have presented people with the plan, persuading them to invest their money for a high return.

Four people told police that the woman persuaded them in March 2011 to part with around e1/4397,000 in total, funds that have not been returned.

Police are reportedly investigating how the suspect managed to convince people to take up her investment proposal.

The authorities have not ruled out the possibility that other people may have also given money to the bank employee for high-return investments.

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Publication:Cyprus Mail (Cyprus)
Geographic Code:4EXCY
Date:Oct 11, 2016
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