Amadeusz Juskowiak

Ilc technology ilct officer removed

ILC Technology Inc said Raymond Montoya vice president of finance has been removed as an officer and terminated as an employee of the company and ILC has filed a civil action against him to recover alleged improprer disbursements of company funds

The company said Montoya has been arrested by police in Hawthorne Calif and charged with grand theft and embezzlement

It said the extent of the disbursements has not yet been determined In independent auditor is helping assess the alleged irregularities the company said

Reuter