Saturday 28 March 02:30

Former senior banking executive remanded in custody

Author: GBC

Date: 27 March 2014 at 08:41

A former senior banking executive facing fraud charges has been remanded in custody after being charged with an additional count of false accounting.

The Former Senior Compliance Officer at the Gibraltar branch of Lombard Odier, 50 year old Andrew Smith, already faced one charge of Fraud by Abuse of Position for allegedly stealing over 242 thousand euros and 170 thousand pounds.

Mr Smith was initially released on bail in the sum of £40,000, but has now been remanded in custody after an application was made by the Crown. He will next appear at the Supreme Court on the 8th of April. 

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