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.’
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars