Audit finds £1m hole in school’s funds

Three deputy heads and two assistant heads at Homerton Technology College, in Hackney, have been suspended.

The shortfall was discovered by the Learning Trust, which administrates education in Hackney, after it began managing the school’s budget last September.

Scotland Yard said it had begun investigations to see if anybody will face a criminal charge.

Alan Wood, chief executive of the Learning Trust, said: ‘Our rigorous investigation will expose any wrongdoing and we will take legal action if necessary.’

The school has 960 male pupils aged between 11 and 16.

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