Man jailed after £100,000 fraud
A 26-year-old man who was jailed after defrauding a city firm out of more than £100,000 has been ordered to repay more than £77,000 under a confiscation order.
Mitesh Gorasia, of Champflower, Furzton, admitted ten counts of fraud and was sentenced to two years and three months in prison at Aylesbury Crown Court on September 3.
After an investigation he was further charged with three counts of fraud, which he also admitted, and was jailed for a further four months at the same court last Monday.
Gorasia was employed as an assistant accountant at a company in Milton Keynes between October 2009 and October 2011. He was promoted to the position of Reporting Officer after falsely claiming he had passed his CIMA accountancy qualifications.
The company carried out an internal investigation in August 2011 and discovered Gorasia had created a number of payment schedules using the name of suppliers, with payments actually going into four different bank accounts, all in his name. The total value of the fraud was £107,736.87.
Gorasia was arrested in connection with the fraud but while he was on bail he went on to work for three different companies having falsely stated he was a qualified accountant, resulting in the three further charges he was sentenced last Monday.
Investigating officer PC Gavin Toney, of Milton Keynes CID, and the Economic Crime Unit’s Asset Recovery Team instigated a confiscation investigation and Gorasia was found to own a house in Milton Keynes. He was also found to have a substantial amount of money in his bank account. A restraint order was obtained which prevented him from spending it.
Following the sentencing hearing last Monday, a confiscation order was granted by the court requiring Gorasia to repay the company a total of £77,827.14 within the next four months.
If he doesn’t he will serve an extra 22 months in jail and still be required to pay the money back.
Grishma Valand, a financial investigator from the Milton Keynes Asset Recovery Team, said: “It is more than likely the defendant will have to sell his house to satisfy the confiscation order.
“This shows the wide range of powers which can be utilised under the Proceeds of Crime Act (POCA) for different types of acquisitive crime. POCA enables us to obtain a confiscation order which is enforceable and therefore ensures the money will be paid.”
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Wednesday 22 May 2013
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