A Trinidad and Tobago police officer who managed London’s historic Billingsgate Fish Market, has been jailed for two years and eight months for stealing £95,000 (approx TT$950,000) from traders’ rent to feed his gambling addiction.
Roshan Persad, 48, stole the money from the market’s landlord over an 18-month period.
The court heard that he tried to shuffle funds around the market’s accounts to hide the missing sums, logging thousands of pounds of credit notes from traders to make it seem as though they were in arrears.
Persad even suggested G4S guards had lost the cash while transporting it to the bank.
He denied the charges but a jury at the Old Bailey found him guilty of six counts of theft, seven of false accounting and one of fraud by abuse of position.
Persad, who was employed by the City of London Corporation, started dipping into the accounts in March 2011.
Prosecutor Louis French told the trial Persad was responsible for taking in about £700,000 in rent from stall holders.
By March 2013 a large shortfall was spotted by a Corporation of London accountant.
The court heard that Persad, who used to be a police officer in Trinidad and Tobago and has recently been employed as a hospital maintenance worker, has put his family home up for sale in a bid to pay back the stolen money.
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