DETECTIVES have swooped on a Mackay woman who allegedly embezzled $1.7 million while working for a local industrial business.
Mackay Criminal Investigation Branch Detective Senior Sergeant Dave Tucker said a six month investigation into the major fraud culminated in the arrest of a 48-year-old Mackay woman over the weekend.
"It is alleged whilst this woman was an employee of a local business, she has embezzled a sum of money being approximately $1.7M," he said.
"We have alleged it was occurring over approximately four years."
While Det Snr Sgt Tucker could not disclose the woman's position with the company, he said she had access to the business' banking.
He said the investigation began after a complaint was made by the business.
"The business is still operating fortunately for them but as you can appreciate it certainly would have impacted their business. As you can imagine it would have had a detrimental effect on their trading," he said.
He said police were still investigating where the missing $1.7M ended up.
"We do not believe the money is in a bank account and we would certainly like to know where it went; that is forming part of the investigation."
Det Snr Sgt Tucker said the woman, who has been charged with one count each of fraud, forgery and uttering, has been bailed to appear in Mackay Magistrates Court in early February.
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