Friday 28th July, 2017
The former finance manager of a Reading hotel has been jailed for four-and-a-half years after defrauding the company he worked for out of £765,300.
Mr Shah, aged 30 of Kilnmead in Crawley, West Sussex, admitted to fraud by abuse of position at Reading Crown Court on 18th July.
During the eight months he worked for the Oxford Road branch of the Pentahotel chain, Shah directly transferred six payments of £100,000 from the company’s account to his own.
He also gave his own bank account details to suppliers and clients who needed to refund overpayments. He was responsible for resettling accounts through the company’s restructuring period and was in charge of payments to, and receipts from, suppliers and clients.
In total he received £774,293.87, the majority of which was transferred to a non-UK account.
He was sentenced to four-and-a-half years' imprisonment.