A former city asset management company vice president is behind bars after stealing more than £800,000 from his employer.
Sunil Jain, 40, of Alfriston Avenue, Harrow , was sentenced to five-and-a-half years in prison after faking invoices and making unauthorised payments into his own personal bank account, while working at First International Group.
He was found guilty of a charge of theft by employee, after a four-week trial, in which he showed "no remorse" for his actions.
Jain, who had responsibility for posting the company's accounts online, entered false details to hide the payments.
An investigation revealed that Jain used a former employee's banking fob to ensure he was able to bypass the company's internal finance controls, which required two counter signatories.
'He would have continued to steal money unless he had been caught'
DC Ingrid Schuetterle, of the Met's Fraud and Linked Crime Online (FALCON) Unit, said: "Jain abused his position of trust as the chief financial officer of an asset management company to steal a substantial amount of money.
"He used his knowledge of the company's accounting system to hide his fraudulent activity.
"Jain has shown no remorse for his actions and it is clear that he would have continued to steal money unless he had been caught and prosecuted."
Jain was sentenced at Harrow Crown Court on Friday, June 9, after he was found guilty after a trial at the same court in May.
The thief was employed by First International Group as vice president of finance from 2010 to 2014.
But officers from the Met's Fraud and Linked Crime Online (FALCON) Unit began an investigation in September 2014, after a case referral from Action Fraud.
An internal audit of the company had revealed Jain had made unauthorised payments into his own personal bank account by creating fake invoices or by making direct transfers unsupported by invoices.
The offences are believed to have taken place between 2011 and 2014 and resulted in a loss to the company of £818,702.
Jain was found not guilty of two charges of fraud by false representation.
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