A 59 year old British national resident in Spain was arrested yesterday afternoon by detectives from the RGP’s Economic Crime Unit, on suspicion of Fraud by Abuse of Position and of Concealing, Transferring etc. the Proceeds of Criminal Conduct.
The arrest follows an investigation conducted by detectives following a report received from a local business where the individual had been employed until recently, and whereby the individual had reportedly abused his position in the company to carry out several unauthorised bank transfers between company and personal accounts.
The investigation remains ongoing.