The 32 year-old treasurer of a business association is accused of stealing more than $40,000 from his company by allegedly forging withdrawal slips and forging checks on his association’s bank account.

The suspect, who lives in downtown Honolulu, turned himself in to police Thursday on suspicion of 16 counts of forgery, and one count of first-degree theft, then released pending investigation.

The unauthorized withdrawals were made at various branches of the same bank between Feb. 9 and March 28, according to police.

Correction: An earlier version of this story said the man arrested was the treasurer of a bank.