Gardaí believe most of the near €1.2 million allegedly stolen by an employee of a major Irish accountancy and auditing firm was transferred out of the Republic. The Irish Times understands the suspect is under investigation for allegedly overclaiming expenses over a period of at least two years. Aside from the house purchase, gardaí are investigating if the money alleged to have been stolen was transferred out of the Republic and to another country where the suspect has strong links. However, only a very small sum of money was in the foreign account when it was frozen by gardaí. A substantial amount of money was frozen in two bank accounts in Ireland and a separate jurisdiction respectively, as part of this investigation.”

Source: The Irish Times March 16, 2021 10:51 UTC