Ex-BMO banker arrested in $9 million fraud
A 62-year-old ex-banker has been arrested for an alleged nine million dollar fraud.
Police say Bassam Salman diverted the money into overseas accounts over a nine year period ending in 2012 when he retired.
All of the Bank of Montreal clients he's alleged to have stolen from, got reimbursed by the bank. In fact, it was the bank itself that initially alerted police.
Police say this is one of the biggest frauds of its kind ever perpetrated in Quebec.