Skip to Content

Royal Bank alerts RCMP to theft from client accounts

RCMP investigates after bank identifies employee
Reported by Bre McAdam
Change text size: + -

Moose Jaw RCMP continues to investigate a series of thefts at the Royal Bank in Eyebrow, Saskatchewan that involved a former bank employee.

Royal Bank confirms the employee was fired after allegedly stealing money from client accounts in April 2011.

The theft was brought to the bank's attention through fraud detection software, said Andy Wolske RBC's regional vice-president for Saskatchewan South.

"We had an immediate investigation, including speaking with the employee who was immediately placed on leave," Wolske said.

"After the thorough investigation they were terminated."

All employees are screened before they're hired, which includes both criminal and credit checks, he said.

While RCMP are investigating there have been no charges laid yet, said RCMP spokesman, Cpl. Rob King.

"We can't confirm any suspects because it's part of the investigation," he said.

Wolske wasn't able to say how much money was stolen, but a source told News Talk Radio one man temporarily lost $93,000.

"Less than 15 people were impacted," Wolske said.

"And all the funds were reimbursed, including interest prior to the end of May."

Edited by News Talk Radio's Jared Knoll and Karen Brownlee.