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The fraud uncovered recently at the Republic Bank,Adidas Scarpe Nuove, amounting to in excess of $250M,Cheap Jerseys, is described as minuscule and insignificant,nhl jerseys outlet, given the asset base of the bank.This is according to Deputy Governor of the Bank of Guyana, Dr Gobind Ganga, who said that a completed report on the fraud is yet to be tendered to the BOG.He pointed out, however,Discount NFL Jerseys, that sound regulations were in place to ensure the integrity of the bank; but,Andre Burakovsky Jersey, at the end of the day,Scarpe Adidas Vendita Online, any fraud leads back to the human aspect of the transaction.Following the discovery of the fraud, three of the Republic Bank’s officers were relieved of their duties as the police continued to investigate the alleged fraud.The bank’s public relations officer, Jenelle Dummett, had confirmed the dismissals, but could not say definitively if the move had anything to do with the fraud investigations.Investigations into the disappearance of $257M from Republic Bank have led detectives to several banks in Canada.The fraud was reportedly uncovered in November last year. It was being kept under wraps to protect the integrity of the bank.Crime Chief Seelall Persaud told this newspaper that his department was asked to investigate the matter, and following several leads, local sleuths have been seeking the assistance of their counterparts in the Royal Canadian Mounted Police.According to a source, the money was allegedly taken from several accounts, including one operated by the Guyana Public Service Cooperative Credit Union.A senior official at the GPSU Credit Union informed Kaieteur News that he is still awaiting word on the progress of the investigation.He assured that the situation will not affect the operations of the credit union, since Republic Bank’s records reflect money in the GPSU Credit Union’s account.“We are in the business of lending money, and the bank is still honouring our cheques,Wholesale Soccer Jerseys Online,” the Credit Union official stated. |