Gambler jailed for fleecing airline catering firm

An airline catering firm has been dealt a devastating blow having GBP 680,000 stolen from its business accounts over a two year period by a financial employee.

Anjna Aggarwal (37), a financial supervisor at the Manchester Airport-based company, stole the money to feed a gambling addiction and enlisted the help of Olivia Renee (49) who aided the scam by accepting large amounts of money in her account which was then later split between the two.

Aggarwal was jailed for four years by the Minshull Street Crown Court in Manchester for money laundering, fraud and false accounting, while Renee received 12 months for money laundering.

The elaborate scheme, using traditional book-keeping fraud known as teeming and lading, saw faked invoices, the creation of 12 different bank accounts to deposit and move the stolen money around and numerous deposits, at times reaching GBP 90,000, into Renee’s account.

Ian Uken, Financial Director of Alpha LSG said: “This is not a faceless company. She [Aggarwal] was calculating and organised in the way that she went about covering up her actions. It is estimated that it took more than one year of senior management time to unravel the fraudulent trail.

‘It was at a time that the company was experiencing a loss and we were considering redundancies, so for her to continue shows how little she thought of other workers. Many other employees were under investigation for some time and that affected the company also.”

Related and similar