A businessman from Ash faces jail after being found guilty of laundering £562,000 taken from a woman’s bank account…The court was told the money passed through the bank accounts of two of Narayanasamy’s businesses – Pinewood Stores in Aldershot and Southborough Foods Ltd in Kent. None of the proceeds of the fraud were recovered, although both victims were recompensed by their banks.
The court was told that £562,400 was moved from the account of Evelyn Mary Berry to Southborough Foods in three separate transfers during October and November 2009. Her signature was forged on the form authorising the electronic transfer.
During the same period, £97,525 was transferred from the account of Priscilla Jane Skrebowski to Pinewood Stores.
Mr Bunyon said: “Once the money arrived in Mr Narayanasamy’s account it was further transferred out of his account to Dubai, out of the reach of authorities in this country. A percentage of it was kept by Mr Narayanasamy for his role in this criminal enterprise.”
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