A 40-year-old loans officer employed to the National Commercial Bank in Cross Roads, St. Andrew, has been jailed and charged with two counts of possession of ammunition.

According to the police, Tyrone Newby was being investigated in connection with irregularities at the bank, when he was called in by Fraud Squad detectives and questioned at their downtown Kingston office. He was frisked and a .40 cartridge found in his possession.

"We then got a search warrant and went to his house in Edgewater, Portmore, St. Catherine, where more than ten .40 cartridges were found," one of the detectives at the Fraud Squad Unit told The Gleaner yesterday.

Newby is booked to appear in the Gun Court on Friday. Reports are that Mr. Newby was originally being investigated in connection with $500,000 that was withdrawn from the bank.