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Cops probing theft at Sagicor

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Cops probing theft at Sagicor

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POLICE ARE INVESTIGATING the theft of close to half-a-million dollars from Sagicor Life Inc.
Sources told the DAILY NATION yesterday the money reportedly disappeared from the accounts section of the company and the matter was reported to the police last weekend.
When contacted, Assistant Commissioner of Police Seymour Cumberbatch confirmed an investigation had been launched.
Sagicor’s vice-president corporate communications Melba Smith declined to comment on the matter. “Sagicor does not discuss personnel matters in the media,” she said.
Just last week Commissioner of Police Darwin Dottin reported cases so far this year  involving fraud, deception and forgeries were just the tip of the iceberg.
The top cop said six per cent of reported crime in Barbados was financial crime, adding that last year 40 people were charged in cases in which several Government departments, private sector agencies and individuals were defrauded.
Head of the Fraud Department Assistant Superintendent John Maxwell said earlier this year that during recessionary periods people ran into difficulties trying to satisfy their creditors or making business settlements.
He also noted that the department had been kept busy with credit card fraudsters and the uttering of bounced cheques to business places across the island. (TS)