A British couple arrested in connection with theft and money laundering from the Accountant General’s Department have been released from their bail conditions.

Jeff and Samantha Bevan were quizzed by police in Wales as part of a cross-Atlantic investigation into the disappearance of money from Government funds in 2014.

They were due to appear at Newport Police Station in Wales at the end of last month to find out whether they were to be charged with any offences.

A South Wales Police spokeswoman this week confirmed to The Royal Gazette that the couple, along with a third suspect, had all been released from their bail obligations.

However the spokeswoman said that the investigation into theft and money-laundering from the Government department was continuing.

“The update on this investigation is that the suspects who were on police bail until January 27, 2015, have been released from their current bail obligations pending further enquiries, however the investigation continues,” said the spokeswoman.

Mr Bevan and Mrs Bevan previously lived in Bermuda and Mr Bevan is believed to have worked in a managerial position for the Bermuda Government.

The pair, together with two further suspects from Leicester, were interviewed as part of the investigation.

The Bevans were originally bailed until last August, but police in Wales extended their bail date as their inquiries continued.

A previous statement from South Wales Police released last year said: “South Wales Police is working alongside Bermuda Police Service following an allegation of theft and money laundering.

“A 47-year-old man and a 48-year-old woman from the Cwmbran area have been arrested.

“Both have been released on police bail and [are] due to appear at Newport Central Police Station on January 27th 2015.

“A further two suspects from Leicester have been arrested in relation to this incident and also released on bail.”

At present nobody has been charged with an offence in connection with the investigation.

The exact sum of money allegedly stolen has not been revealed, but it is believed to be a significant amount.

The Accountant General’s Department is responsible for all monies paid into or out of Government and monitors the funds in all accounts.