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Couple arrested for embezzling •10 million

Date Posted: 2001-10-13

Nago Police arrested a 58-year-old chairmanís representative of a construction company and a 45-year-old accountant of the same company, Thursday, on charges of embezzlement in the conduct of business. The suspects were questioned of embezzling over •10 million in cash from the company. They have admitted that they withdrew the money, but claim that it was a part of their job in the company.

According to the police investigation, they allegedly embezzled the money in July last year, in order to buy land for building a private house for themselves. The suspects are a common-law couple and already bought the land in Nago City.

The company had accused them of a criminal offense last December.

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