The bank manager who made off with ¢378 million colones from the Banco Nacional in Cóbano de Puntarenas, Juan Carlos Quesada, gave himself up to authorities, but declined to give a statement.
The manager is being charged by the prosecution with embezzlement.
Quesada admitted making off with the money following closing of the bank branch on Saturday, telling authorities that he acted alone.
Defence lawyers say, that when an employee makes off with property in the exercise of a public function (the Banco Nacional is a State bank), it is in embezzlement and not larceny.
Quesada is being held in the Puntarenas jail cell and is expected to go before the courts today.