Two former bank employees who stole funds worth over £221,000 to fund their lavish lifestyles were sentenced yesterday at Birmingham Crown Court to a total of over six years’ imprisonment.
Mansoor Sanobar, of Lord Street, Walsall and Abdul Khan, of Heather Avenue, Walsall, both pleaded guilty to conspiring to commit fraud by abuse of position and of transferring and converting criminal property. Mr Sanobar was sentenced to 2 years and 11 months in prison, while Mr Khan received a prison sentence of 3 years and 2 months.
The two men, both former employees of HSBC, used their inside knowledge and positions at the bank to make a series of payments from head office accounts to their own credit cards and personal accounts worth £221,023 between March 2014 and October 2016.
The fraud was spotted through an internal investigation at HSBC, after which the case was passed on to the Dedicated Card and Payment Crime Unit (DCPCU).
Both men were found to be living extravagant lifestyles far beyond their means during that period, making purchases for holidays, home improvements, withdrawals of large sums of cash from ATM’s and third-party transfers. A police search of Mr Khan’s home address recovered a plastic bag containing £11,360, and gold bar bullion worth £2,196.
DC Matt Cornell, who investigated the case for the DCPCU, said:
“These two men thought they could live the high life, funding their lavish lifestyle through stolen funds.
“Today’s sentencing sends a very clear message to would-be fraudsters: you will be caught and punished.”
Notes to Editor
Abdul Khan: 08/06/1985 of Heather Avenue, Walsall
Mansoor Sanobar: 27/12/1984 of Lord Street, Walsall
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2. UK Finance is a new trade association which was formed on 1 July 2017 to represent the finance and banking industry operating in the UK. It represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation brings together most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.
3. The Dedicated Card and Payment Crime Unit (DCPCU) is a unique pro-active police unit, with a national remit, formed as a partnership between UK Finance, the City of London Police and the Metropolitan Police together with the Home Office. It is fully sponsored by the cards and banking industries, with an on-going brief to investigate, target and, where appropriate, arrest and seek successful prosecution of offenders responsible for card, cheque and payment fraud crimes. It is headed up by a Detective Chief Inspector and comprises officers from the Metropolitan and City of London police forces who work alongside banking industry fraud investigators and support staff.