Eight years after three senior NBS managers were charged with conspiring to defraud the NBS of $69M, the men are still trying to pick up the pieces of their lives but expressed pleasure at the Ombudsman’s recent report which found that there was no basis to charge them for fraud.
In an interview with Stabroek News, Maurice Arjoon, who had been with the New Building Society for 30 years when he was charged, stated that he had been affected both emotionally and physically by the allegations. At the time of the allegations Arjoon had been the Director-Secretary.
Prior to the charge of conspiracy to defraud, Arjoon and two other managers were dismissed from NBS for misconduct and dereliction of duty in relation to the $69M lost from a customer’s account.
“These people
