BusinessCompany NewsJailtime for former Investec tax chief

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.

Former Investec tax head facing jail time

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.’

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