DETECTIVES have been carrying out inquiries at the mobile phone company Vodafone since early March following allegations a senior manager defrauded the company of more than €1.5m.
The mobile phone giant's strategy director Gerry Fahy said yesterday that the alleged activity had no impact whatsoever on customer funds.
It is alleged the individual had been siphoning off large amounts of money.
A colleague is believed to have alerted his behaviour to the company's finance director, as first reported in the Irish Independent yesterday.
It is understood that although a large number of Vodafone staff have been interviewed by detectives from the Garda Bureau of Fraud Investigation at Harcourt Square over the past two and a half months, only one man is under suspicion internally.
However, several suspects outside the company are being investigated for possible collusion in the scam.
Some of the missing money is believed to be linked to Vodafone operations overseas and inquiries have followed outside the country.
The Garda probe is expected to be lengthy and complex and when it is completed a file will be prepared for the Director of Public Prosecutions who will determine if criminal charges should be brought as a result.
Vodafone is Ireland's biggest mobile operator and has over 2.1m subscribers here.