Patricia Glasgow, a former employee of Bodden Corporate Services Ltd (BCSL), pleaded not guilty last Friday (12) of stealing US$439,300 that reportedly belonged to Rochester Ltd a client of BCSL.

Glasgow was charged with theft, obtaining money transfer by deception and making documents without authority.

Rochester Ltd., an offshore company that is incorporated in the Cayman Islands, has also filed a civil suit against Glasgow and the directors and staff of BCSL to recover the missing funds plus compensation and damages.

Rochester has alleged fraud, theft, dishonest receipt, dishonest dealing, breach of trust, breach of fiduciary duty, and negligence, claiming the money was misappropriated from its account by Glasgow between September, 2008 and August, 2011 whilst she was employed by BCSL.

Rochester also has accused BCSL of acting “contrary to normally acceptable standards of honest conduct” and turning “a blind eye” to what their employee Glasgow was doing.

Glasgow is represented by Ben Tonner of Samson & McGrath, and the trial was set for June 2014.

Rochester is represented by Nelson & Co.