A man who is accused of defrauding the National Commercial Bank (NCB) of $5 million was yesterday denied bail when he appeared in the Corporate Area Resident Magistrate’s Court.

The accused, 25-year-old Christopher Walker of Central Village in St Catherine, reportedly transferred the funds from the accounts of one of the bank’s customer via the retail banking system between December 2012 and April this year.

Walker, who was employed by a company contracted to service the bank’s online system, was arrested and charged after he surrendered to the police on April 22.

The theft was reportedly uncovered after several customers complained that funds have been withdrawn from their accounts. The police have reportedly recovered $2 million.

When Walker appeared in court, his attorney, Anthony Pearson, sought bail for him but it was refused after the investigating officer requested two more weeks to complete the investigation.

The investigator told the court that he believed the accused will interfere with the investigations and that the bank has not received anymore complaints since Walker’s arrest.

Walker was subsequently remanded in custody and is to return to court on May 9.