Santander Group Accountant Stole $200K

Flavio Tzalam

A former accountant at Santander Limited was arrested and charged with theft of over two hundred thousand dollars from the Spanish company.  Last Thursday, the Santander’s management reported to police that after an audit they discovered that there were a number of unaccounted cheques that had been cashed and the trail led back to the former accountant. As a result, police picked up twenty-nine-year-old Flavio Tzalam and charged him for theft. ACP Joseph Myvett reports:

Joseph Myvett

ACP Joseph Myvett, Head, National Crimes Investigation Branch

“Between June 2015 and June 2018, an audit was conducted by the Santander Group which revealed that a number of cheques were unaccounted for. A further investigation led the company’s auditors to discover that five of those cheques were made out to Flavio Tzalam, who was the person responsible for those cheques. Those cheques that were found to be cashed were found to be of value of two hundred and nine-teen thousand dollars. Police have since arrested and charged Flavio Tzalam for the crime of theft. The investigation is still ongoing and further charges are expected against Mr. Tzalam.”

Reporter

“Mr. Tzalam is accused of misappropriation – is it true that he actually forged certain documents so that he could have cashed the social security and income tax payments to himself?”

ACP Joseph Myvett

“That is a part of the investigation we are looking at.”