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Financial controller in £1 million theft from charity employer

Thursday 1st November, 2018

A financial controller stole nearly £1 million from the charity she worked for to fund a luxury lifestyle with her husband.

She was employed by Jubilee Hall Trust Limited which runs the gym for MPs during July 2003, where she was responsible for the charity’s finances.

As a trusted member of staff she abused her position and transferred funds to accounts controlled by herself over a seven year period. Her husband was also paid thousands in fake invoices for work allegedly carried out by his events company.

According to the Mail Online, she was found guilty of siphoning £905,150.85 from the Jubilee Hall Trust’s banks accounts into her own Barclays account between 2008 and 2015.

The couple used the money to pay for a trip to Mexico, a Mercedes-Benz and VIP tickets to see the singer Michael Bublé and a Britney Spears show in Las Vegas.

Laura Nicholls, The Insolvency Service, said after she received a lengthy bankruptcy restrictions order, “Mrs Verma held a position of trust with her former employer, which she subsequently breached by carrying out actions of dishonesty.”

She also defrauded Hacton Primary School in Essex out of £31,382 whilst chair of the PTA between February 2016 and February 2017.