Man charged for allegedly creating fake loan accounts of family members and depositing over $29,000

The Criminal Investigation Department’s Economic Crimes Unit has charged a 31 year old man with nine counts of obtaining financial advantage by deception for allegedly creating fake loan accounts while employed as a lending officer.

Police say the accused is alleged to have created loan accounts for three of his family members without their knowledge, and conducted nine transactions into their accounts of over $29,000 which was applied through a loan without proper documentation between November 2021 to May 2022.

They also say the transactions were discovered when the bank noticed arrears in payments on the 3 accounts and conducted an internal investigation, where it was discovered that the accused had created the accounts and approved the loans.

The accused will appear in the Nausori Magistrates Court this morning.