MD admits stealing uni's pounds 5m.
A FORMER managing director has admitted stealing almost pounds 5 million belonging to Birmingham University.
Paul Sadler was the managing director of Birmingham Research and Development Ltd, a trading subsidiary of the university.
Sadler, 49, of Greenhill London Road, Worcester, appeared at Birmingham Crown Court and pleaded guilty to stealing pounds 4,999,516 from Birmingham Research and Development Ltd between December 1994 and January 2008.
Bookkeeper Christine Eggleton, 51, of Farron Road, Rubery, also admitted the theft of pounds 2,085,539, also from the company, between December 1997 and January 2008.
They also pleaded guilty to a charge of conspiracy to defraud Birmingham Research and Development Ltd.
Sentence was adjourned and both defendants were given unconditional bail.
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|Publication:||Birmingham Mail (England)|
|Date:||Oct 23, 2009|
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