Newmarket Bank Employee And $2 Million Both Disappear
Posted January 21, 2009 12:00 pm.
This article is more than 5 years old.
Where is Sethuraj (Babji) Mokada? That’s what York Regional Police and a host of bank customers want to know. The 46-year-old is gone – and so is about $2 million of CIBC account holders’ money.
It started back in 2008, when security officials discovered an apparent fraud they traced back to the financial services department at a branch in Newmarket. An investigation led them to Mokada, who now stands accused of siphoning the multi-millions out of unsuspecting customers’ accounts. They allege it had been going on for almost a year, starting in August 2007.
Cops say clients would ask the rep to use money from their accounts to purchase a range of bank products, but allege he’d take the money and never buy anything. In other cases, they found that cash they hadn’t authorized to be withdrawn was simply removed without their knowledge or approval.
Authorities followed the money trail and claim it led them overseas, where they think most of the loot has gone. Finding it may not be possible until they locate the man they accuse of taking it all for his personal use. The total amount of the fraud is a whopping $1.9 million.
Mokada has disappeared and a Canada-wide warrant has been issued for his arrest.
The suspect is described as:
- East Indian,
- 5’7″,
- 190 lbs.,
- Black hair,
- Balding on top,
- Brown eyes,
- Dark complexion,
- Glasses,
- He may be sporting a moustache.
Cops aren’t sure where he is now, but think he’s still in the country.
Call 1-866-876-5423, ext. 6612 or Crime Stoppers anonymously at 1-800-222-TIPS if you know where he is.
