A Carenage man has appeared before a Port-of-Spain Magistrate charged with embezzlement against his former employer.
The crime occurred during the period October 19th 2018 and December 22nd 2018.
Kareem Simon, 34, a former insurance agent, of Upper Haig Street, was charged with embezzlement in the sums of $11,626.07 and $6,436.92, when he appeared before Magistrate Marissa Gomez, in the Port of Spain 1st Magistrates’ Court on Monday.
The matter was adjourned to Monday 6th May, 2019 and transferred to the Tunapuna Magistrates’ Court.
An insurance company reported to police that during an audit of its records, certain discrepancies were observed at two of its branches.
Upon completion of the audit, it was discovered that during the period October 19th 2018 and December 22nd 2018, the accused collected sums of money representing sales for renewals of motor-vehicle insurance for several customers at both branches.
However, the monies for the renewals were never remitted to the company.
A report was made on January 7th 2019, to the Fraud Squad and investigations into the matter immediately launched, under the supervision of Snr. Supt. (Ag.) Greenidge. An exercise was subsequently conducted in the Western Division, on Thursday 4th April, 2019, during which the accused was arrested at his home.
Simon was subsequently charged with the offences by PC Lennie McQueen, of the Fraud Squad, on Friday 5th April, 2019, and granted station bail in the sum of $35,000, on that same date.