An electrical engineer is expected to appear in the San Fernando Magistrates Court on Friday charged for money laundering and larceny of over $1.4 million after the money was reportedly mistakenly deposited into his bank account by his employer and he allegedly refused to return it.
The 47-year-old man was arrested at his Edinburgh, Chaguanas home by officers of the Fraud Squad following a year-long investigation.
Police investigations revealed that the man was dismissed last year by Trinity Powers Ltd situated at Dow Village, Couva, following an alleged contravention of the Occupational Safety and Health Act.
The company claimed that the engineer, who was employed there for five years, was entitled to a severance benefit of $14,486.
However, the company made an administrative error and wired $1,448,646 to his account.
The company contacted the former employee about the error and requested that he return the money.
He allegedly refused and instead initiated civil proceedings against the company, claiming he was entitled to the money. That matter is still pending in court.
Meanwhile, the company made a report to the Fraud Squad in 2017 and an investigation was launched by officers assigned to the San Fernando unit.
The investigation team, led by Snr Supt Greenidge and including ASP Kent Ghisyawan, Insp Mathura, Sgt Badree, Sgt Popan, Cpl Louis and WPC Kissoonsingh, conducted extensive inquiries.
Legal officer of the Fraud Squad Sgt Vinelle Bassarath assisted with legal advice and guidance.
Upon the completion of the investigation, the officers sought advice from the Office of the Director of Public Prosecutions who gave them instructions to charge the engineer with larceny, as well as money laundering because he allegedly transferred the money from one account to another.
Cpl Louis subsequently laid the charges.
- by Sascha Wilson