
Audio By Carbonatix
Two corrupt HSBC managers who siphoned nearly £1 million from wealthy customers’ accounts have been jailed for 12 years and seven months.
Gerald Sarpong, 33, of Chigwell, and Mohammed Uddin, 30, from Bethnal Green, worked at branches 120 miles apart in Birmingham and Notting Hill.
But they conspired with other unknown criminals, sending them the details of seven individuals whose life savings were plundered.
A total £936,565 of fraud was committed between January 2018 and October 2018, Inner London crown court heard.
HSBC’s internal security checks spotted the scam which was referred to the dedicated card and payment crime unit, a specialist police team sponsored by the banking and finance industry.
Police arrested corporate accounts manager Sarpong at the bank’s branch in Edmund Street, Birmingham on July 10, 2018.
Officers searched his desk and seized a mobile containing messages sent to Uddin with customer information.
A week later, a search warrant was executed at Uddin’s home where detectives found digital devices and documents. Both men pleaded guilty to conspiracy to defraud.
Sarpong was sentenced to five years and 11 months, while Uddin received six years and eight months. All victims were fully refunded by the bank.
Detective Sergeant Ben Hobbs, of the DCPCU, said: “Sarpong and Uddin acted with impunity, thinking they could get away with committing over £900,000 of fraud.
“This case shows that anyone who is caught abusing the trust placed in them by their employer will be punished.”
An HSBC UK spokesman said: “HSBC has robust measures in place to deter and detect... fraudulent activity.
“Abusing a position of trust is taken extremely seriously with harsh penalties for those seeking to benefit from criminal activity.
“HSBC has zero tolerance for staff fraud and we fully support the police and prosecutions in such matters.”
Latest Stories
-
Netherlands Fire Chief in Ghana to support fire safety reforms and market fire prevention efforts
1 minute -
Gov’t cuts fuel taxes, deploys buses to curb impact of rising fuel prices
33 minutes -
Interior Minister calls for intelligence-driven strategy as Ghana strengthens counter-terrorism efforts
33 minutes -
Adenta Circuit Court remands Pastor William Gyimah over viral threats against Vice President
1 hour -
“We’ve implemented changes to prevent a repeat of the AFCON final” – CAF President Motsepe
1 hour -
Gov’t orders deployment of Metro Mass buses to cushion commuters amid fuel price hike
2 hours -
Key Indian state polls begin in test for Modi’s party
2 hours -
Playback: Gomoa Easter Carnival in photos
3 hours -
Gov’t orders removal of fuel taxes to ease pump price hikes
3 hours -
“Whatever the decision of CAS, we will respect it” – CAF President Motsepe after AFCON final meetings in Morocco
3 hours -
Emma Ankrah: When waiting becomes part of treatment – Reflections on hospital care
3 hours -
Ghana urges travellers to prepare for new EU border system roll-out
3 hours -
Mahama enforces fuel coupon ban for ministers as cabinet moves to slash fuel taxes
3 hours -
Task force probes strange fish deaths in Tema
3 hours -
Neglected traffic lights turn Awoshie–Anyaa highway into deadly hotspot
4 hours