Assistant Commissioner of Police Anthony McLaughlin, has confirmed that a senior National Commercial Bank employee was arrested by the police Fraud Squad on Wednesday over an alleged multimillion-dollar racket uncovered this week.

The man was nabbed in St Andrew, but McLaughlin said he could not give additional details because he had just received a report on the matter. 

Dane Nicholson, NCB’s manager of special investigations in its Fraud Prevention Unit, declined to comment on the matter. 

Last May, a former NCB senior manager Andrea Gordon, who admitted to swindling $34 million from the financial institution, was sentenced to a total of seven years and six months in prison.