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Fraudster will not have to pay back pounds 66,000 taken from festival.

A FORMER North Wales hotelier who defrauded a food festival out of thousands of pounds will not have to pay a penny back.

Following a specialist financial investigation into his affairs, it was found that Gregory Christopher Shankar was penniless.

At a financial hearing under The Proceeds of Crime Act (Poca) at Mold Crown Court yesterday, it was agreed by the prosecution and defence that he benefited from his crimes to the tune of pounds 66,653.

But he had no assets available to satisfy the order and a nominal pounds 1 order was made in confiscation.

The value of the order is that if in the future the defendant comes into funds, then the prosecution can seek further compensation from him.

In February, Shankar was jailed for 15 months following the fraud on the Mold Food Festival.

Yesterday Shankar, who has since been released, was back in court for the Poca hearing, which lasted two minutes.

The previous hearing was told how former hotel and restaurant owner Shankar, 53, used festival funds to prop up his own failing business.

Shankar, who owned the Bryn Awel Hotel in Mold, admitted two fraud charges.
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Publication:Western Mail (Cardiff, Wales)
Date:Jul 7, 2010
Words:193
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