RE: ELEP IPO delayed again16 Aug 2023 16:10
Funny that - rip someone off and you can do the same in another 10 years time.
An accountant who paid himself £1.5m in cheques from his employer's bank accounts has been excluded from the ICAEW for 10 years.
Paul Malcolm Davis, of Frogmore, in St Albans, Hertfordshire, paid 36 cheques to himself worth £1.53m from his employer’s bank accounts when he knew he wasn’t entitled to the money.
The fraud, which went on for 20 years, was apparently to fund a gambling addiction, an ICAEW disciplinary tribunal heard.
Davis also incorrectly completed his personal payroll records resulting in three over-payments to him totalling £60,000 when he knew he shouldn't have.