Jailtime for former Investec tax chief
The former head of the British tax advisory business at financial services group Investec has been jailed for four years after siphoning £1.85m from his employer.
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.’