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A 55-year-old woman from Leamington was arrested on 22 June on suspicion of defrauding a company for a large sum.
Various cash withdrawals are reported to have been made using company bank cards over the course of four years.
An additional sum of money is alleged to have been lost directly by users of the company’s services.
The woman has since been released on bail pending further enquiries.
Investigations are ongoing.
Detective Constable Leanne Ganley said “This scale of fraud always has a serious effect on the company and the community it serves.
“It has a direct effect on jobs, and on the lives of people in the community.”
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