Latest update February 9th, 2025 1:59 PM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Republic Bank confirms dismissal of senior staff

Jan 29, 2009 News

Officials at the Republic Bank Guyana Limited have confirmed that three of its officers have been relieved of their duties as the police continue to investigate the alleged fraud involving more than $250M.

Speaking to this newspaper yesterday, the bank’s Public Relations Officer, Jenelle Dummett, confirmed the dismissals but could not say definitively if the move had anything to do with the fraud investigations.

She referred this newspaper to the senior management officials of the bank, who could not be reached for comment yesterday.

Investigations into the disappearance of $257M from Republic Bank have led detectives to several banks in Canada.

The fraud was reportedly uncovered in November last year. It was being kept under wraps to protect the integrity of the bank.

Crime Chief Seelall Persaud told this newspaper yesterday that his department was asked to investigate the matter, and following several leads, local sleuths have been seeking the assistance of their counterparts in the Royal Canadian Mounted Police.

According to a source, the money was allegedly taken from several accounts, including one operated by the Guyana Public Service Cooperative Credit Union.

A senior official at the GPSU Credit Union informed Kaieteur News that he is still awaiting word on the progress of the investigation.

He assured that the situation will not affect the operations of the credit union since their records reflect money in their account.

“We are in the business of lending money and the bank is still honouring our cheques,” the Credit Union official stated.

Police have questioned several staff members of the bank but so far no arrests have been made.

Similar Articles

The Glenn Lall Show|| February, 7th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

SBM Offshore Guyana & VFMA launch Girls in Football Development Program 2025

SBM Offshore Guyana & VFMA launch Girls in Football Development...

Feb 09, 2025

Kaieteur Sports- Vurlon Mills Football Academy Inc and SBM Offshore Guyana launch the second year of the Girls in Football Development Program. February 5, 2025, Georgetown: The Vurlon Mills Football...
Read More
 Imlach and Nandu fifties pilot Harpy Eagles to emphatic 8-wicket win over CCC 

 Imlach and Nandu fifties pilot Harpy Eagles to...

Feb 09, 2025

A look at Government’s boldest investment in sports

A look at Government’s boldest investment in...

Feb 09, 2025

Barker wins big, Khalil and Simpson inch closer to Men’s U45 title

Barker wins big, Khalil and Simpson inch closer...

Feb 09, 2025

Trophy Stall on board Republic Cup three-day softball extravaganza

Trophy Stall on board Republic Cup three-day...

Feb 09, 2025

13-year old benefits from Project “Cricket Gear for young and promising cricketers in Guyana”

13-year old benefits from Project “Cricket Gear...

Feb 09, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]