Police are investigating an alleged electronic banking fraud after a Paradise View resident reported that EC$100,000 was removed from two of his bank accounts.

The man told the Criminal Investigations Department that EC$50,000 was transferred from his account at Antigua Commercial Bank and another EC$50,000 from an account at Eastern Caribbean Amalgamated Bank.

Police said the unauthorized transactions occurred on June 2.

Detectives have interviewed the complainant and are tracing the transactions as part of an ongoing investigation. Senior officers have been briefed on the matter while inquiries continue into how the funds were withdrawn.

The case is believed to be one of the largest reported electronic banking fraud incidents investigated by police in recent months.