HSBC bank manager under investigation over suspicions of theft from client loan accounts

 - Local - Nov 29

The Malta Police Force is currently investigating a former HSBC bank manager who was fired after being suspected of stealing money from client loan accounts. Times of Malta reports that the ex-manager is suspected of siphoning money from loan balances granted for reasons such as home improvement.

The individual in question would fake invoices and receipts as if they were coming from clients, without anyone’s knowledge. Clients who would complain about the unauthorised withdrawals would have their complaints directed towards the same individual suspected of the fraud.

Another source reported that the ex-manager would withdraw funds from a different client account to compensate for the suspicious withdrawals from one client’s account.

Police investigations are currently ongoing.


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