A senior financial manager at a housing corporation in Amsterdam has been caught stealing millions of euros from her employer, the Telegraaf reported on Wednesday.

The woman, who worked for one of the capital’s biggest social housing landlords Stadgenoot, had for years transferred monthly sums of between €10,000 and €20,000 to her underage daughter’s bank account. This was then spent on expensive holidays and gambling, the paper said.

She was caught out by ING staff who had become suspicious of the transfers and alerted the corporation last autumn. The woman was fired immediately and is now subject of a police inquiry, a Stadgenoot spokesperson told the paper.

The woman, who is a gambling addict, originally confessed to having stolen hundreds of thousands of euros but on closer investigation it was revealed the total amount came to around €2m, none of which has been recovered.

Asked how theft of this magnitude could have happened, the spokesman said that ‘apparently there was a leak. That leak has now been closed.’

Telegraaf sources told the paper the woman had found another job in financial services after she was fired.