Spanish bank manager steals 1m euros from accounts

By Fiona Govan in Madrid 347PM GMT eighteen March 2010

At slightest 40 people in the locale of Madrigalejo nearby Cáceres in the Extremadura segment of Spain have detected this week that supports they invested in grant plans and high seductiveness accounts have left missing.

Many had deliberate themselves friends of the bank manager, who has been identified by military usually as Abel F, and pronounced they had been swayed to deposit their income on his advice.

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He left last Thursday after withdrawal a note on his table receiving shortcoming for the burglary and exonerating his colleagues at the bend of BanCorreos, the monetary arm of the Spanish post office, of any wrongdoing.

His mother and young kids sojourn in the locale and have told military they have no thought of his whereabouts.

It emerged that he had conned friends and neighbours in to opening of doubtful authenticity high seductiveness investment plans usually to run off with their money.

Others detected that their assets accounts had been raided.

Residents in the village of usually 2,000 inhabitants pronounced they feel betrayed.

One integrate who run a internal club pronounced they had well known the bank physical education instructor for thirty years.

"We deliberate him a crony and invested the income on his advice," they told internal media.

"Now it turns out we have usually 50 euros in out comment and the income we invested in a college account for the son has gone."

Others reported that the bank had no jot down of their deposits.

"I never suspected him of you do something similar to this since he was my friend," pronounced one man. "My family is right away confronting hurt since we gave him all the savings."

A orator for BanCorreos reliable that at slightest 40 clients had been influenced with some-more than one million euros (�890,000) missing.

"Financial irregularities have been committed by the bank physical education instructor of that branch. It has been reported to the military and an review has been launched."