if the newspapers flashed the news about gresham' s confessio
n and arrest ,how would it look like ? prepare a newspaper report on the incident
Answers
The Federal Bureau of Investigation, FBI today obtained custody of John Gresham, a senior banking professional, after they arrested him and produced him before a special FBI Court. Gresham was arrested for serious frauds he committed in the DBCD Bank, where he was the President and it included misappropriation of depositors’ money. It may be recalled that the bank fraud came to light a week ago and has resulted in the bank’s fortunes plunging leaving the depositors extremely worried about their hard-earned money deposited in the DBCD Bank.
The investigating team from the premier agency shared with media persons the details that many of Gresham’s colleagues had no clue that he was illegally transferring funds from genuine depositors’ accounts to benami accounts he was operating. The Governor of the bank may be involved as well; at least would have been in the know but did not take any action. The investigation by FBI continues.
The judge has given 14 days custody of Gresham to FBI to grill him and get more information. They have already attached his properties which includes two million shares of over 60 different companies.