CFO Stole Over £800k From EmployerMonday, 12th June 2017 at 3:24pm
The GetWestLondon website reports that a former Chief Financial Officer for First International Group – a City asset management company – has been found guilty of stealing over £800,000 from his employer.
Sunil Jain faked invoices and made unauthorised payments into his own personal bank account, by using a former employee’s banking fob to ensure he was able to bypass internal finance controls, which required two counter signatories.
He was found guilty of a charge of theft by employee, during a four-week trial, in which he showed “no remorse” for his actions.
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