2009-11-18 10:13:24 |
Fraud Squad detectives are now working with US authorities to have a former employee of Air Jamaica extradited to Jamaica.
In February the airline disclosed that it had discovered the fraudulent transfer of some of the company’s funds amounting to more than $70 million.
A junior employee from the treasury department was implicated in the crime.
Investigators had earlier reported that the funds were transferred to an overseas account.
They also believe that the implicated former employee, had taken an Air Jamaica flight to an oversees destination, a month before the fraud was discovered.
Head of the Fraud Squad, Superintendent Edwards said the investigators have since located the perpetrator.
The fraudulent transfer is being investigated by the airline’s Internal Security and Audit Departments, as well as the Fraud Squad, external auditors and international authorities.
The airline has already reportedly racked up over US$150 million per annum in losses.
Comment