Wednesday 1st June 2011
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The Police and the Serious Fraud Office (SFO) have confirmed they are jointly investigating allegations of employee fraud at the Hibernian Catholic Benefit Society.
The Hibernian Society is a friendly society offering a range of financial services and mutual assistance to members including loans, life, medical and household insurance.
"At this stage we cannot accurately quantify the scale of the alleged fraud. However, it potentially affects a large number of members which, together with the volume of financial records, makes this case of interest to us," said SFO director Adam Feeley.
Feeley said the Police and SFO were working in conjunction using their complementary skills and resources.
"The Police are SFO are committed to working together to ensure there is a seamless approach to fighting white collar crime. As this investigation progresses we will jointly agree which agency is best placed to conclude matters," he said.
The SFO said that the investigation was receiving the full cooperation of Hibernian's management and board.
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