Company Bookkeeper stole £660k moving Funds to his Account

A company bookkeeper from Leicester stole £660,000 from the firm he worked for and transferred it into his own bank account.

Company Bookkeeper stole £660k moving it to his Account f

"the business has gone into liquidation due to the financial loss"

Company bookkeeper Bharat Suchak, aged 65, of Leicester, was jailed for three years and nine months on Thursday, June 13, 2019, at Leicester Crown Court.

He was imprisoned after he admitted stealing more than £660,000 from his employer.

The investigation revealed that he transferred large sums of cash from accounts owned by GS Fashions in Ross Walk, Leicester, into his own bank account.

Suchak had worked for the family business for 30 years. As a result of the stolen money, the 40-year-old company subsequently went bust.

The court heard that he was employed by the family firm for approximately 30 years. During that time, he moved around £662,000 into his own bank accounts.

Suchak made a number of fraudulent transactions in order to avoid being detected and suspected of fraud.

Leading the investigation was Financial Investigator Nicole McIntyre, of Leicestershire Police’s economic crime unit. She said:

“GS Fashions was a family business which had been in business for 40 years.

“Following the incident, the business has gone into liquidation due to the financial loss it’s suffered at the hands of Suchak.

“The victims trusted Suchak and felt he was a loyal employee. He abused his position and the victims’ good nature.”

The company bookkeeper, who resides on Silverstone Drive, Rushey Mead, appeared for sentencing after he pleaded guilty to three counts of fraud by abuse of position at a hearing in early 2019.

Leicester Mercury reported that Bharat Suchak was sentenced to three years and nine months in prison.

Following the sentencing, Nicole McIntyre added:

“This was a lengthy and complex investigation, money was transferred over a period of time using fraudulent transactions so it didn’t arouse suspicion.

“We are pleased that he pleaded guilty to the offences and we hope the time he will now spend in prison will give him the time to reflect on his crimes and the consequences his actions had on him, his family, the victims and the wider community.”

In a similar case, a finance director from Birmingham was jailed in 2018 for stealing over £600,000 from her employer.

Ilyiea Ali stole over £600,000 in order to garner the love of Bradford-based Tahmoor Khan, a jailed ‘online dating fraudster’ with major gambling debts.

Khan seduced Ali into agreeing to give him money, which prompted her to steal.

He posed as a wealthy businessman to target women for money. Ali saw her relationship with Khan as a meaningful one and it led to her committing fraud.

Ali pleaded guilty to one charge of theft and was jailed for 30 months.

Dhiren is a journalism graduate with a passion for gaming, watching films and sports. He also enjoys cooking from time to time. His motto is to “Live life one day at a time.”


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