Available Spaces Available Spaces - Contact Us for more details
NewsSociety

Access Bank Executive Director Jailed For Fraud In London

A City bank executive from south east London earning a high salary was jailed for his part in a £3.4 million scam. The judge told Michael Corrigan, 48, he should have been satisfied with his £228,000 salary, £10,000 car allowance and £50,000 bonus payment. At the Old Bailey, Judge Nicholas Cooke told him: “You were on a very handsome remuneration package – something most citizens of this country can only dream of.” He jailed Corrigan, of Hayne Road, Beckenham, for three years and four months after he pleaded guilty to four offences of fraud. Corrigan was the risk and compliance executive director for Nigerian-owned Access Bank in the City of London in 2010 when he issued false guarantees. They were given to a company providing ticket hospitality packages for the World Cup in South Africa that year. Rakesh Somaia, prosecuting, said Corrigan had been promised commission on sales in return for guarantees. But Thomas Buxton, defending, said Corrigan did not receive any money. He said: “He cannot understand why he would jeopardise a very good salary package and career for this. “It was never going to work. It was obvious quickly that sales were not going to be successful.”

Spaces Available Here Slots Available - Contact Us For More details
Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close