BANK ROBBED OF £909.

Manawatu Standard, Volume XLIII, Issue 1708, 24 December 1919, Page 6

BANK ROBBED OF £909.

FORGED ENTRIES IN LEDGER. EOBART,| Dec. 12. A story of a sonSational fraud in the State Agrieultqral. Ihinlv is. revealed in the annual' report of'the Amlitor-Gpne-ral. Misappropriations; totalling; £!% have been discovered, and the culprit is alleged to, have boon a clerk formerly employed id the bank. , The frauds were cleverly, and deli her; ately .planned and executed by operating ‘upon four old applications to the bank for loans which had been approved by the trustees, and which for some reason or other had' not been operated upon by the applicants. The mortgages and signatures of the applicants were forged, and entries made in the ledger to the effect that the .collection ol interest should stand oyei till the applicants returned from active service. The entries helped materially to cover up. the frauds, which were perpetrated in the-latter part of 1917 and early in 1918, and were .not discovered till July last.’ One of the cheques was cashed over the Treasury counter. The audit inspector, in his report, says; “The absence of ordinary business precautions in the bank made the fraud possible-”