Santander told police that the embezzlement took place over a period of 3 years
BELMOPAN, Mon. Aug. 6, 2018– Today at the police press brief, Assistant Commissioner of Police (ACP), Joseph Myvette told the media that on Thursday, August 2, Santander Management Limited reported to police that their auditors had discovered that one of their accountants, Flavio Tzalam, 29, had embezzled over $219,000 from the company.
According to Santander, during audits that were conducted for the period June 2015 to June 2018, they had found several checks that were unaccounted for. A further investigation revealed that 5 of those checks, which amounted to more than $219,000, were made out to Tzalam.
Police have arrested and charged Tzalam for the crime of theft. ACP Myvette mentioned that the investigation is still ongoing, and further charges are expected to be levied against Tzalam.
When asked if Tzalam had in fact forged documents in order to divert money that was meant to be used as Social Security contributions and income tax payments, to himself instead, Myvette said that that is part of the investigation that they are currently looking at.