This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/northern_ireland/8330889.stm
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Ex-bank manager held over 'fraud' | Ex-bank manager held over 'fraud' |
| (10 minutes later) | |
| The BBC has learned that a former bank manager is being questioned as part of a major police investigation into alleged fraud and money-laundering. | The BBC has learned that a former bank manager is being questioned as part of a major police investigation into alleged fraud and money-laundering. |
| Peter Cregan, who used to work in the Newry branch of First Trust bank, was arrested in Silverbridge in County Armagh on Tuesday along with his wife. | Peter Cregan, who used to work in the Newry branch of First Trust bank, was arrested in Silverbridge in County Armagh on Tuesday along with his wife. |
| A 52-year-old man was also detained in Keady by officers investigating what they said was a £3m fraud. | A 52-year-old man was also detained in Keady by officers investigating what they said was a £3m fraud. |
| All three are still being questioned at Antrim police station. | All three are still being questioned at Antrim police station. |
| Mr Cregan left the bank earlier this year and has recently worked as an independent financial adviser. | Mr Cregan left the bank earlier this year and has recently worked as an independent financial adviser. |
| The arrests followed a 16-month investigation by detectives working for the PSNI's Organised Crime Branch. | The arrests followed a 16-month investigation by detectives working for the PSNI's Organised Crime Branch. |
| Officers searched a number of properties in counties Armagh and Tyrone, and searches were also carried out by the Irish police in Louth and Monaghan. | |
| A substantial amount of documents and equipment were seized. | A substantial amount of documents and equipment were seized. |
| In a statement on Tuesday, the police described the operation as "a complex and substantial investigation which will continue for some time". | In a statement on Tuesday, the police described the operation as "a complex and substantial investigation which will continue for some time". |