| Log In | Register Now
January 27, 2012 8:14 PM GMT
A former partner at upmarket London lawfirm Mishcon de Reya was jailed for five years and six months on Friday for trying to trick Swiss bank EFG into granting a 22 million euro (18.45 million pounds) loan, the UK Serious Fraud Office said.
Kevin Steele, was found guilty at London's Southwark Crown Court December and was sentenced on Friday.
Two others who took part in the plot were also sent to jail.
Michael Shephard was sentenced to six years and three months' in prison and disqualified from acting as a company director for 15 years.
Mark Pattinson was sentenced earlier this month to 18 months in prison, a shorter term than his co-plotters after he agreed to give evidence in Steele's trial.
The three tried to defraud EFG bank in Zurich by supporting the loan application from Shephard with false letters from Bank Julius Baer in Guernsey showing there was over 76 million pounds held in two accounts on deposit as a security.
Like us on Facebook
Steele had told EFG he wanted the money for property developments in Turkey.
($1 = 0.7615 euros)
(Reporting by Huw Jones; Editing by Jon Loades-Carter)
EU Wants Greece to Stay, but Grexit Plans Being Worked OutEU leaders ask Greece to commit itself to austerity and stay the course on reforms.
Wendy's Will Surpass Burger King in Market Share: AnalystWendy's is on track to overtake Burger King as the United States' second-largest fast-food burger chain next to McDonald's, according to an analyst's report released on Tuesday.
Top Ten Happiest Countries in the World in 2012 [SLIDESHOW]United States fails to make the top ten happiest countries in the world, while countries like Australia, Israel and all of the Scandinavian nations do. Denmark is the happiest country in 2012.
We value your privacy. Your email address will not be shared.
