The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious bank accounts and using fraudulent credit cards to withdraw money from those accounts, the bank’s CEO said Monday, the first time Canadia has commented on the theft since it was reported earlier this month. Canadia CEO Michael Lor said the group, which included two Ca*nadia employees, one of whom was head of the bank’s credit department, had created fictitious accounts with high credit limits by inventing fake customers and signing for the accounts and withdrawals. They
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