Police investigating fund theft

The Royal Cayman Islands Police Service is investigating the criminal complaint of a theft from a locally managed investment fund.

Police said the Financial Crime Unit of the RCIPS opened the investigation on April 8, but had made no arrests as of press time Wednesday.

The allegation comes from the local office of an investment firm and regards “a theft of a quantity of money by one of its employees from a fund managed on behalf of the client.” Police did not name the company or the employee involved.