Former credit union worker on fraud charge
A former employee of the
St Catherine Co-operative Credit Union (SCCU) who allegedly stolen $1.4 million was granted bail in the sum of $500,000 when he appeared in the Spanish Town Resident Magistrate's (RM) Court last Friday.
He is Michael Bullock of Old Harbour, St Catherine.
He was offered bail on condition that he surrender his travel documents and reappear in court on February 9.
When the matter was mentioned, a relative of the Bullock made restitution of $900,000 on his behalf.
Allegations are that Bullock, who was assigned to the Spanish Town branch of SCCU, stole $1.4 million from the financial institution.
He reportedly created an account in someone else's name. The accused then created a debit card which he used to access the money.
A surprise verification later revealed that the accused was defrauding his employers.
The police were called in and an investigation was done by
the Spanish Town Criminal Investigation Branch. Bullock was then charged with larceny as a servant, fraudulent conversion, and obtaining money by means of false pretence.