Forty-three-year-old Nipan Malde pleaded guilty to defrauding Investec through 10 counts of obtaining a money transfer by deception, according to the Times.
Malde was reportedly motivated by a desire to create a new Hare Krishna Centre in South Norwood, London.
Anthony Arlidge, QC for the defence, said: ‘This was a man who wanted to try and raise considerable sums of money for this religious organisation…His own lifestyle was relatively simple – there was no question of extravagant living.’
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016