Bank official arrested for K2m fraud allegations
A Standard Bank employee in Kasungu is in police custody after he was arrested on suspicion of fraud.
Salima police spokesman Gift Chitowe said the law enforcers arrested Ephraim Liyaya a bank teller at Salima Standard Bank branch.
The police spokesman said Liyaya is suspected to have swindled about K2 million.
“Police arrested Ephraim Liyaya a bank teller at Standard Bank. He is suspected to have been swindling the bank through fraudulent means,” said Chitowe.
Police spokesman said the suspect will be prosecuted after Fiscal Police completes its investigations.
“Investigations are underway and he will be brought to court to answer charges,” he said.
Liyaya is suspected to have opened a bogus account where he was depositing money allegedly stole from some customer’s accounts.
Standard Bank has not made any comment.
Tagged with: fraud, SALIMA, Standard Bank
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