Fraud Squad in hot pursuit of TSTT $4.7M schemers

SENIOR Fraud Squad officers said yesterday that they are vigorously pursuing the investigation into the attempt to defraud TSTT of $4.7 million.

A Fraud Squad source revealed yesterday that investigators are leaving no stone unturned, and are exploring all possible leads to determine who may be responsible for the attempt to defraud TSTT. “We are keeping our options open, but after interviewing several persons we have been able to eliminate who may be of no assistance to the police,” said the source. Most of the workers interviewed by the police over the weekend in connection with the incident are members of the Communication Workers Union. Police have been able to secure the names of people to whom the transfers were issued and from what locations they were issued.

Last Friday, the three illegal transfers were discovered by the company’s finance personnel department. The transfers were stopped before they could be executed. Investigators revealed yesterday that a top forensic accounting expert may be called in to assist officers in the probe. In December last year, the Fraud Squad was called in to investigate $20 million in suspicious wire transfers from the company. Investigators seized a quantity of TSTT documents over the weekend and the documents were being reviewed yesterday as part of the investigation. Officers are hoping to make a breakthrough shortly.