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MD admits stealing uni's pounds 5m.

Byline: Ross McCarthy

A FORMER managing director has admitted stealing almost pounds 5 million belonging to Birmingham University Birmingham University, at Birmingham, England; founded 1900. It has faculties of arts, science, engineering, medicine and dentistry, commerce and social science, law, and education and continuing studies. .

Paul Sadler was the managing director of Birmingham Research and Development Ltd, a trading subsidiary of the university.

Sadler, 49, of Greenhill London Road London Road may refer to several hundred (at least) roads. England
There are literally hundreds of London Roads in England. Only those which are significant outside their local area are listed here:
  • London Road, Brighton; for which a railway station is named
, 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 To make a Misrepresentation of an existing material fact, knowing it to be false or making it recklessly without regard to whether it is true or false, intending for someone to rely on the misrepresentation and under circumstances in which such person does rely on it to his or  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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