Charter lays cards on the table
Regular readers may recall a story that graced these pages a few weeks back about accountant Wing Kit Chu, who pumped millions of pounds of his employer’s money into a spread-betting account.
But we forgot to consider those who suffer from such crimes. Engineering company Charter, the victim of Wing Kit Chu’s penchant for dice and vice, revealed that their man had blown £9.2m of company money on the tables. This amounted to wait for it over 10% of UK turnover.
TS was shocked, until we realised that far more of our (so-called) salary goes the same way. Perhaps a call to Charter should be on the, ahem, cards to get advice on cutting down.