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.”

Don't bank on it...

You think they would have known better wouldn’t you? One was the CEO and the other was their reputation and risk leader and director of[..]

Can you trust an accountant?

That’s an interesting question and I’m sure that along with most other professions there are people you can trust and people you can’t trust. If[..]

How much do Big 4 partners get paid?

KPMG UK released their results last month for their most recent accounting period and they showed a fall of 10% in pay for the KPMG[..]
Rolling in it...
Here’s a question for you – what do you think the average age is of somebody who buys a new Rolls-Royce? Perhaps surprisingly the average[..]
An unexpected ending...
A lot of you may have been on business trips but I bet your trip wasn't as exciting (and tragic) as this gentlemen's trip was.[..]
Would you send a photo?
Picture the scene. You’re one of the largest supermarket chains in the Netherlands employing more than 100,000 people. You’re planning on introducing a new staff[..]
Ericsson fined $1 billion for bribery.
The Swedish telecommunications group Telefonaktiebolaget LM Ericsson (or Ericsson as most people refer to it as and how my spell checker prefers) is an incredibly[..]
Exams for sale....
One of the five fundamental ethical principles is Integrity. Being straightforward and honest is a vital characteristic of being a professional accountant. Most people who[..]
Wave hello to a discount
The accountants amongst you will be well aware of the different methods of setting the price of a product or service. Going rate, cost-plus and[..]