Joe Leeroy, a 38-year-old former accounting executive at Croco Motors, has been arraigned in court for allegedly embezzling US$119,954 from his employer.
Leeroy is accused of siphoning funds meant for the importation of two vehicles for a client, Bureau Veritas.
According to the State, Leeroy sent a quotation to the client and provided Steward Bank account details for payment.
However, he later redirected the client to transfer the funds to an offshore account in Romania, claiming it belonged to Croco Motors.
Despite the client’s reservations, Leeroy assured him that everything was legitimate. After the payment was made, Leeroy continued to assure the client that all was well.
However, when the client presented the proof of payment to Croco Motors’ General Manager of Finance, it was discovered that the company does not hold any offshore accounts.
Investigations revealed that Leeroy had sent the client the fraudulent account details. Leeroy’s contract was terminated on August 9, and Bureau Veritas lost the entire amount, with nothing recovered.
Leeroy has been charged with fraud and granted US$200 bail.
