Manager's Series of Frauds.

Horowhenua Chronicle, 17 March 1913, Page 4

Manager's Series of Frauds.

Mr Xils Idnian, manager of the Tammerfors branch of the local irorcnings Banken, ilelsingfors, was suddenly detained by the police on orders received from the head offices. The safe of the branch under his charge was opened, but it was found to be empty, although it should have contained, according to the books, securities for loans to the amount of £-12,000. idnian, it appears, had abstracted loans on thomefouriy abstracted then) and obtained loans on them on his own accounts from other banks. His bank will naturally have to make good all the losses, the total amount of which is stated to ho something between £200,000 and £.100,000. including all the dishonest deals with private people. Two girl cashieis are also in custody. It is tho habit of practically all the Finnish banks to employ women cashiers. The two women confessed amid tears that they had known of numerous inregulavliies committed by Idman, who seems to have exercised extraordinary influence over them. 'Flie Forenings Banken is a rcry solid institution of, sonio fifty years' with a fully paid-up 6liaro capital of £1,200,000, and untouched re-