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A WOMAN has been arrested as part of an investigation into the misappropriation of funds worth 1.2 million euros in a credit union in North Dublin.
The woman, in her 60s, was arrested on suspicion of crimes contrary to the 2001 Criminal Justice Act.
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She is currently being held at Balbriggan Garda station in Co Dublin.
Police have said the arrest represents a “significant development” of fraudulent activity at the financial institution.
Gardai has said that investigations are ongoing.
A spokesperson said: “Gardai investigates the embezzlement of funds worth € 1.2 million in a North Dublin credit union today, 10/12/2020, arrested a woman on suspicion of crimes against Criminal Justice ( Theft and Fraud Crimes) Act 2001.
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“This arrest represents a significant advance in a long-standing investigation into fraudulent activities at the financial institution.
“The woman, in her 60s, is currently detained at Balbriggan Garda station under section 4 of the 1984 Criminal Justice Act.
“Investigations are ongoing.”
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