FIU refers possible theft of $1.3 million from a company by two individuals and a company

The Fiji Financial Intelligence Unit has referred a matter to Police after it was brought to the Unit’s attention in 2022 that Mr A, Mr B and Company C are involved in a possible theft involving approximately $1.3 million from Company D from 2016 to March 2022.

The FIU says Mr A and Mr B were employees of Company D during the time of theft.

Mr A was also the trustee of Company D and he maintains a bank account with Bank F.

Mr A’s financial activity revealed that he received suspicious cash deposits of $58,000 in 2016 and frequent internet banking transfers of $280,000 from Company C.

The Fiji Financial Intelligence Unit’s analysis revealed that Mr A and his son also received remittances totalling $36,000 from Mr B.

Mr A also acquired one vehicle in 2017 valued at $27,500.

Mr. B was the accounts clerk for Company D and maintains a bank account with Bank F.

Mr B’s financial activity showed that he received frequent internet banking transfers totalling $63,000 from Company D. It is also established that Mr B acquired three vehicles in 2022 valued from $15,500 to $19,000.

The Fiji FIU further established that Company C ceased operating in 2015 but continued to maintain a bank account with Bank F and the account was solely operated by Mr A.

Company C’s financial activity shows that suspicious cash deposits totalling $400,000 were conducted into the account whereby the funds were immediately transferred to Mr A’s bank account.