An Indian accountant and his younger brother were arrested in Dublin following a probe in to the fraud money transactions in a financial firm. The 35 year old man, who migrated into Ireland seven years ago was working as a senior accountant for the firm.
It is alleged that he claimed fictitious expenses from the financial firm where he worked, to be paid to a service provider which was legitimately used by his accountancy firm. Though the present charges against the accountant is for stealing a sum of 293,803 euros, the investigation team alleges that he and his brother siphoned almost 1.2 million through a two year period from the firm.
The arrest was followed by an investigation by Garda National Economic Crime Bureau. They both were presented before the Judge in Dublin District Court on Monday, where the elder brother was remanded for further questioning. The next hearing will be on Friday. Earlier the prosecutor for the accused had pointed out that the trial would be over only by 2023 and refusing bail meant sending the accused to prison for a longer period, presumed he was innocent.
Original report by: The Irish Times https://www.irishtimes.com/business/accountant-and-brother-charged-in-1-2m-theft-and-money-laundering-case-1.4643079