A former Bank Officer serving a prison term for false pretence has pleaded guilty to one count of money laundering relating to the same case.Roy Davies, a bank officer for nine years at the Bank South Pacific, BSP, committed the offences between June and July last year.
Earlier he was sentenced by the Magistrate's Court to three years imprisonment for false pretence charge while the money laundering charge was committed to the High Court.
On Monday this week, Davies pleaded guilty to the charge.
According to Crown Prosecutor Natalie Kesaka, Davies had created a ghost account and used a friend's name to transfer a substantial amount of money into the account.
The money had been intended by Victory Enterprises to be paid to Sweetie Kwan store.
Ruling on the case will be delivered on Monday next week.
The maximum penalty for a money laundering charge is ten years.