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Forensics team helps bring fraudulent bosses to justice.

BUSINESS advisers at Newcastlebased UNW played a part in the case of two North East company bosses who have been jailed for the theft of more than PS1m between them.

Headed up by former Northumbria police officer Phil Loveday, the department at UNW chartered accountants provided evidential packages to police for two separate clients and fraud victims, Houghtonle-Spring-based recycled food packaging company Re Pet and South Tyneside conveyor belt maintainer and vulcaniser Millennium Conveyor Services (MCS).

UNW forensics services team head Mr Loveday said: "Convictions for complex frauds of this type, involving highly trusted members of senior management, are not necessarily easy to secure because the police don't always have the time and fraud squad resources have been severely reduced due to recent cuts.

"Having previously worked for Northumbria Police for 30 years, 10 years in the fraud squad, what I can now do at UNW for businesses is quite unique, pulling together all the preparatory investigative work and providing that as an evidential package to the police.

"When people in positions of complete trust betray the shareholders, directors and staff like this, it is vital they are brought to justice and I am delighted UNW has been able to help in securing both of these convictions on behalf of the private sector."

The guilty verdicts were welcomed by Northumbria Police, after months of painstaking background work prepared for the clients by the St. James' Boulevard-based firm.

Northumbria Police's DCI Paul Bent said: "Since 2014, a private company UNW have assisted police with these investigations and this approach has allowed the criminal investigations to be conducted expeditiously."

The cases led to jail sentences in one of the cases, while the other resulted in a community sentence.

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Publication:The Journal (Newcastle, England)
Date:Jun 5, 2015
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