IT consultant charged with siphoning off €200k from employer

An ex-employee, who allegedly used complicated IT systems to siphon off money from his employer into bogus accounts and eventually into his own pockets has been charged with fraud.

The man, whose name cannot be published by order of the court, was arraigned on Saturday before magistrate Yana Micallef Stafrace and charged with a number of offences relating to aggravated fraud, misappropriation and computer misuse.

Over €200,000 is believed to have been taken from the online affiliate and marketing services company by the IT consultant, who pleaded not guilty to the charges.

Bail was set at a deposit of €10,000 and a personal guarantee of €75,000. The court also issued a freezing order on all the assets of the accused.

Inspector Joseph Xerri prosecuted. Lawyer Emanuel Mallia was defence counsel.

Lawyers Stefano Filletti and Maurice Meli appeared for the parte civile.