Officials of the 2nd Division of the 3rd Bureau of the Criminal Police Board of the Riga Regional Administration of the State Police have sent to the prosecutor’s office a case for the initiation of criminal prosecution against a bank employee for economic crimes committed over a period of 17 years. While holding the position of head of a bank branch, the suspect, without the knowledge of clients, carried out unlawful actions with financial instruments in their name, thereby obtaining money belonging to the bank’s clients. The credit institution has compensated the clients for the material losses caused to them, thus acquiring the status of injured party.
The State Police received a submission from a bank client who reported possible criminal activities. In connection with the information received, on 5 August 2020 the State Police initiated criminal proceedings.
During the investigation it was established that the person, while holding the position of head of a bank branch, over a long period of time, from December 2003 to May 2020, maliciously abused her authority and, without the knowledge of clients, arranged remote banking service agreements, registered the issuance of new code cards or code calculators and payment cards, terminated deposit and savings agreements, drew up loan agreements, and unlawfully transferred clients’ money, thereby gaining access to their financial resources.
It was revealed that the suspect had acted in a sophisticated manner. To conceal her actions, she used part of the funds to cover other clients’ claims. In total, the woman unlawfully used the payment instruments of 19 persons. The damage caused is no less than 203,000 euros.
The suspect had not previously come to the attention of the police.
Having obtained a sufficient body of evidence in this extensive criminal case, on 9 September of this year officials of the 2nd Division of the 3rd Bureau of the Criminal Police Board of the Riga Regional Administration of the State Police sent the criminal proceedings to the Eastern Zemgale Prosecutor’s Office pursuant to Section 275, second paragraph, and Section 193, fourth paragraph, of the Criminal Law, proposing to initiate criminal prosecution against a Latvian citizen born in 1974.
The fourth paragraph of Section 193 of the Criminal Law provides for liability for unlawful actions with financial instruments and payment instruments, if committed on a large scale. The penalty is imprisonment for a term of two to ten years, with confiscation of property or without confiscation of property, and with probation supervision for up to three years or without it. Meanwhile, Section 275, second paragraph, of the Criminal Law stipulates that for forgery of a document, seal or stamp and for the distribution and use of a forged document, seal or stamp, if committed for mercenary purposes or if it has caused substantial harm, the penalty is imprisonment for a term of up to four years, or short-term deprivation of liberty, or probation supervision, or community service, or a fine.
The State Police reminds that no person is considered guilty until their guilt in committing a criminal offence has been proven in the manner prescribed by law.
Originally published at https://inc-baltics.com/bankas-filiales-vaditaja-17-gadus-apzagusi-klientus/
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