Air Jamaica Investigates Fraud

Air Jamaica Management has said the organization’s Internal Security and Audit Departments are investigating the fraudulent transfer of some its funds.



In a release from the airline, it also said the matter was also being probed by the Fraud Squad, Air Jamaica’s external auditors and other appropriate domestic and international authorities.



The statement comes after reports that an employee transferred US$700,000 ($61 million) between January and early February from Air Jamaica’s account to his personal overseas account.



In the meantime, the airline’s management said it is too early to comment on the matter. “Until all the facts have been collected, the airline’s management believes it is premature to comment on the matter. We will be prepared to speak in a more comprehensive manner when reports from the various authorities which are investigating the matter are completed,” the release said.



The airline also added that when the fraud was discovered, it took immediate steps to prevent any further breaches and notified the appropriate authorities.



More on this story at 5 p.m. on the Power 106 FM newscast



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