Bank

Fyzabad man in connection with bank employee's shooting appears in court

A Fyzabad man has appeared before a San Fernando magistrate today in connection with the shooting of Scotiabank employee, Rostan Mahabir, almost two weeks ago.

CNC3 news understands the 32-year-old man was detained by police officers at his Fyzabad home last week Friday following an investigation.

On May, 14th 28-year-old Mahabir, a premiere relationship officer, was just about to enter the bank at the corner of penitence and high streets, San Fernando, when he was approached by a man who grabbed his computer bag and other items.

Former bank teller charged with $.3m larceny

Stephanie Elie, a former employee of Republic Bank appeared before a Port-of Spain magistrate charged with 14 counts of larceny amounting to $315,700.

The former bank teller was charged following a report made by the bank to the fraud squad earlier this year.

The bank discovered quantities of money were withdrawn from the accounts of several customers, without their consent.

The theft occurred between September 2017 to January 2018.

Bank employee charged with stealing over $300,000 from customers' accounts

A 22-year-old bank employee has been charged with syphoning monies from customers’ accounts totalling just over $.3 million.

Police said during the period September 2017 to January 2018, a total of $315,700 was discovered missing from the accounts of several Republic Bank customers without their consent and knowledge.

Republic Bank made a report to the Fraud Squad and a criminal investigation was conducted.

Republic records net profit of $1.25 billion

Republic Financial Holdings Limited (RFHL) has recorded a net profit attributable to shareholders of $1.25 billion for the year ended September 30, 2017, RFHL said in a statement.

This represents an increase of $69 million (5.8%) over the core profit of $1.18 billion reported for the prior year. 

Compared with the actual reported profit of $946 million for 2016, which was negatively impacted by three significant one-off items, totalling $237 million, the increase is $306 million (32.3%).

Five years jail for Singaporean who defrauded RBC Royal Bank of $4.4 million of Nipdec's money

A senior director of a Singapore construction and engineering firm has been sentenced to five years in jail for fraudulently causing the transfer of more than $4.4 million from a Nipdec account at RBC Royal Bank Trinidad and Tobago to a bank in Singapore. 

A court in Singapore was told that employees of RBC Royal Bank were duped into transferring the money into the Singapore bank account in 2013.