Bank Manager Accused of Embezzling Over 38 Million TL Detained
A bank branch manager in Nicosia, identified as B.K., was brought to court again today on charges of embezzling funds amounting to 38,610,000 Turkish Lira. Police requested that the suspect remain in custody due to flight risk concerns, a motion approved by the court, which ordered B.K.’s detention for up to two months pending trial.
Police revealed that since 2020, B.K. had lost 18,167,000 TL in casinos. Additionally, B.K.’s spouse had also incurred identical losses in gambling establishments. A total of 31 bank customers and the bank itself have filed complaints against the suspect, whose embezzlement included severance payments and personal savings.
The investigation showed that B.K. misappropriated amounts including 7 million TL, £586,280, €79,519, and $84,117, with the total value converted to TL at current exchange rates reaching 38,610,000 TL. The stolen funds, including jewelry valued at 205,000 TL, brought the total to approximately 39 million TL.
Police noted that B.K. had frequently crossed into southern Cyprus, raising concerns about the risk of escape. Given the severity of the charges, including forgery and crimes related to banking operations punishable by life imprisonment, the court deemed pretrial detention necessary. Judge Nuray Necdet ordered B.K. to remain in custody for up to two months as the investigation continues.
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