fb

Not the brightest fraudster…

Not the brightest fraudster…

A lot of us will have to take taxis to meet clients. Some may occasionally take a taxi whilst others may take them on a regular basis. But what about over £90,000 worth of taxi fares?

Yes, that does seem a lot but for a (now ex) employee of Deloitte in London it seemed reasonable. Or at least reasonable in the sense that he fraudulently claimed non-existent taxi fares and false professional subscriptions which together totalled £95,540.

Gurgyan Singh Kaley’s career at Deloitte started well. He joined the company on a salary of £54,000 and had a great career ahead of him.

Unfortunately for him, he got greedy and over 39 months submitted false and fraudulent claims for expenses.

These expenses were mostly taxi rides and not just one or two taxi rides. No, he claimed for approximately 1,000 fake journeys.

Mr Kaley was probably not the brightest individual as that was an incredibly high number of journeys and was bound to raise suspicions. In the last 7 weeks before he was found out he claimed for 383 journeys which works out at a clearly suspicious 11 taxi journeys per working day.

He was eventually caught out when auditors noticed the suspicious expenses and he recently appeared in court where he was found guilty of fraud.

He was spared an immediate prison sentence but faces a 2-year suspended sentence. He must also pay Deloitte £75,000 within 12 months or serve 21 months in prison.

A Deloitte spokesperson said, “We note the outcome of the hearing and are satisfied with the final decision. Deloitte has a zero-tolerance approach to fraud and we expect all our people to adhere to our strict guidelines of conduct. Anyone found to have acted in bad faith will, of course, face immediate and appropriate action.”

Share this entry

Related articles

View All Articles

Recent articles

View All Articles
Big 4 under the spotlight…
May 22, 2024
Title
Big 4 under the spotlight…
Excerpt

Recent findings have shown that Britain’s audit firms did not raise alarms for three-quarters of the major companies […]

Better than the professionals?
May 13, 2024
Title
Better than the professionals?
Excerpt

The landscape of investing is evolving, with the rise of retail, or “do-it-yourself” (DIY) investors who are achieving […]

Don’t get angry over anger management
May 07, 2024
Title
Don’t get angry over anger management
Excerpt

Have you ever been angry at work? If you have then you are not alone. The latest Global […]

Cows or dogs in your portfolio?
May 01, 2024
Title
Cows or dogs in your portfolio?
Excerpt

As well as being included in ACCA, CIMA and CMA (USA) exam questions over the years, the Boston […]

KPMG unlocks previously locked up talent.
Apr 30, 2024
Title
KPMG unlocks previously locked up talent.
Excerpt

KPMG, one of the Big Four accounting firms, has recently announced its commitment to expanding its hiring of […]

Taxing times…
Apr 24, 2024
Title
Taxing times…
Excerpt

Understanding the various forms of taxation is essential for business students worldwide. Taxes serve not only as a […]

From Coins to Codes: A Budgeting Timeline
Apr 22, 2024
Title
From Coins to Codes: A Budgeting Timeline
Excerpt

The concept of budgeting, a cornerstone in both personal finance and corporate management, has a rich history that […]

Italian but not Italian…
Apr 17, 2024
Title
Italian but not Italian…
Excerpt

In the complex landscape of global business, the names of products and brands hold significant power. They convey […]