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Defendant in fraud trial ‘abused' bank’s 'very lax' procedures, court told

Archive image of Gibraltar's Supreme Court. Photo by Johnny Bugeja.

The defendant in a fraud trial was able to “abuse” her position as a senior bank manager because procedures at the time were “very lax”, enabling her to withdraw cash in exchange for IOU notes that eventually ran up to a “ridiculous” amount of some €600,000, the Supreme Court heard this week. Gillian Balban, a...

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