PORT OF SPAIN, Trinidad, CMC – Police have charged a 31-year-old scaffolder with robbery after he allegedly withdrew nearly one million dollars (One TT dollar=US$0.16 cents) that had been credited to his account held at an un-named financial institution.
In a statement, police said that a system error had resulted in TT$32,347,308.55 being credited to the man’s personal account.
The police said that during November 18th, 2022, and December 1st, 2022, “the owner of the personal account withdrew sums totaling TT$825,000 in cash from various Automated Banking Machines and conducted Point of Sale purchases totaling TT$131,357.70, together totaling $956,857.70. “
They said efforts by the financial institution to get a full refund of the money proved futile, and a report was made to the Fraud Squad.
The police said following investigations into the matter. The Fraud Squad conducted an exercise that resulted in the arrest of a male suspect.
It said TT$600,501 in cash was allegedly recovered at his home. The man, charged on Thursday, will appear in court soon.
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