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Soc Gen employee arrested for $3m theft

6 February 2008

After Societe Generale's massive scandal regarding what is believed to be the world's biggest fraud, another Soc Gen employee has got the bank into bother as she is accused of stealing over $3 million from the bank.

An employee working for Soc Gen-owned Romanian Development Bank has been arrested and charged with stealing $3.2 million, the Associated Press reports.

Prosecutors in Romania have arrested Mihaela Rosana Bitu, who worked as a teller at the Craiova branch of the Romanian Development Bank on Tuesday.

She is charged with using the password of the branch director to illegally transfer around $3.2 million into two different bank accounts.

Three other people have been arrested in connection with the alleged incident, although seven people are under investigation in total.

Adela Jansen, the secretary-general of the Romanian Development Bank Societe Generale, said within two hours the bank had managed to block around $2.8 million from being transferred.

Ms Bitu is being held in jail at the present time and the news agency could not ascertain when she would appear in court.

 
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