The financial supervisor used the money to participate in online casinos.
Anjna Aggarwal, a financial supervisor has been jailed for stealing £680,000 from her bosses’. She used the money to feed her online gambling addiction.
She pleaded guilty to fraud, false accounting, and money laundering. As a result, she received a four-year jail sentence.
37-year-old Aggarwal began her scheme in 2014 while working for Alpha LSG, an airline catering company.
She secretly stole £680,000 from her bosses’ while she worked as a financial supervisor for them.
The fraudster created 12 separate bank accounts to store the money and would often switch them around.
Prosecutor Lisa Brookes explained how Aggarwal carried out her scheme. She said:
“She created false documents and invoices and 83% of the false transactions was for British Airways in which she falsified documents and payment requirements.”
The financial supervisor used the money to participate in online casinos. The steady flow of money even earned her a ‘VIP’ status on these gambling websites.
Aggarwal also had the help of a friend, identified as Olivia Renee, in November 2014. She accepted vast amounts of £90,000 into her accounts from the fraudster. The two would then divide the money up.
Reports also claim that Renee had asked the financial supervisor on how to explain the large amounts of money in her bank account, in case, suspicions arose. In a text, Aggarwal had recommended her to say it was compensation for a baby’s death.
The 37-year-old’s plan began from 2014 and ran for a total of two years. However, Alpha LSG bosses’ became concerned when they found unexplained transfers from their accounts. During an investigation, they discovered Aggarwal had been faking invoices.
They then dismissed her in 2016.
Financial Director, Ian Uken, explained that during this time, the company had considered redundancies, as they experienced huge losses. In a statement, he said:
“It was at a time that the company was experiencing a loss and we were considering redundancies, so for her to continue shows how little she thought of other workers. Many other employees were under investigation for some time and that affected the company also.”
While she received four years in prison, Renee was also jailed for one year. She pleaded guilty to money laundering.
After the trial, Alpha LSG released a further statement, explaining that they had made full checks on Aggarwal before employing her. They also reassured that the fraud would not impact their customers.