Winnipeg Police have arrested 42-year-old Peter Ramdath after he allegedly embezzled more than $4 million from a company he was working for as Chief Financial Officer.

Police say that between 2012 and 2017 Ramdath used a number of deceptive strategies to defraud the company and move the money for his personal use.

On January 24, 2019 officers from the Winnipeg Police Service Financial Crime Unit raided a home in East St. Paul and seized documents and luxury items such as jewellery, clothing, electronics and vehicles.

Officers then went to a business in Winnipeg and placed Ramdath under arrest charging him for his alleged involvement with:

• Theft Over $5000
• Possess Property Obtained by Crime Over $5000
• Fraud Over $5000 x 2
• Falsification of Books and Documents
• Laundering Proceeds of Crime

He has been detained in custody.