An Indian-origin fraudster who swindled 1000’s of kilos from his employer to pay again cash he stole from a earlier employer has been ordered to pay again GBP 78,000 by a UK court docket.
Mayur Gaglani, 48, from Penarth in Wales is believed to have stolen round GBP 250,000 from the primary firm, ‘Wales Online’ reported final week.
He then bought a brand new job at a small firm promoting electrical objects with a view to repay the stolen cash from the primary firm and used false invoices and the corporate’s bank card for that objective.
An investigation into Gaglani’s monetary affairs had revealed that he had spent over GBP 5,000 of the corporate’s funds whereas on trip. He was arrested and formally interviewed by police and is alleged to have gone on to make “full admissions” about his fraud.
According to the court report, a “proceeds of crime” hearing at Cardiff Crown Court on Friday heard that Gaglani benefited to the tune of GBP 78,033 as a result of the theft but had available assets worth GBP 375,000. It led Judge Rhys Rowlands to order him to pay the sum of GBP 78,033.
Prosecutor Ieuan Bennett told the court that the defendant created false invoices for work apparently charged to his employers.
“The invoices have been then paid out by way of the corporate however actually the corporate was not going to pay real suppliers nevertheless it was going to the defendant’s checking account. This quantity totalled a little bit over GBP 64,000,” he mentioned.
The court docket heard that Gaglani advised the corporate’s director, Matthew Porter, that he was in a civil dispute along with his former employers. Porter loaned him cash to assist him repay his money owed, which it turned out he used to attempt to clear up his earlier fraud.
Edited By:
Aishwarya Dakhore
Published On:
Oct 5, 2023
