SHOCKING! Woman Faces Prison Time after Siphoning over $40 Million from Her Employer

Rajina Rita Subramaniam

A woman has come forth and admitted to defrauding her employer of $45 million before spending the money on several beachside apartments, champagne, diamond jewelry and Michael Jackson memorabilia.

Rajina Rita Subramaniam, 41 was working as a senior accountant with ING financial group in Sydney, Australia October of 2009 when she was arrested for allegedly siphoning millions of dollars from the company which she dropped into multiple accounts.

Upon her arrest, police recovered a collection of luxury items, including 600 pieces of jewelry from high-end lines like Tiffany & Co, Tag Heuer, Bulgari and Paspaley Pearls. Police also found 200 perfume and make-up items from Chanel and expensive champagne.

Police also allege that Subramaniam used the company’s money to buy seven multimillion-dollar real estate properties in central Sydney, Bondi Beach and Kirribilli.

She is facing 37 criminal charges. The alleged crime is regarded as one of the biggest frauds in Australia’s history.

She is due to appear in Central Local Court on June 23.

Source: Sydney Morning Herald