News came this week of a court proceeding against online gambler Balraj Kaler (34) who was charged with and admitted to defrauding his uncle’s company, leading it into insolvency and costing 14 people their jobs.
For taking advantage of his key position and depriving the company of almost GBP63,000 over the period of four months between Sept. 2011 and Jan. 2012, Kaler will end up in a Yorkshire prison for sixteen months.
Apparently, he also took thousands of pounds from his own brother’s bank account to satisfy his gambling addiction.
According to prosecutor Duncan Ritchie, Kaler used to work for another of his uncle’s firms in 2010 until it was found that he had run up debts due to his internet gambling habit. He added that he was diverting money from that company, too but that no action was taken against him and his family paid for him to receive treatment – obviously not a successful one.
Kaler got back to work after he left the institution, but in October last year, the company noticed that client payments were not appearing in the company accounts as expected. It appears that he sent emails to two firms telling them to make payments into another account which he controlled and used to fund his betting habit.
It was found by Judge John Potter that Kaler also used other accounts to divert money from the company, and his uncle said that the company, ACP Coatings, went bankrupt after his activities, with 14 losing their job. However, he said, eleven of those have subsequently been re-employed in a new company.
Lipstick
6 years ago
I think it is so true, everything you do whether good or bad will come back to us. Makes me try as hard as i can to stay on the right path for sure
Please enter your comment.
Your comment is added.
rferry5
6 years ago
I would say this guy definetly has a problem he will be in big trouble for that one you just cant steal large amounts like that and actually believe you will get away with it unbelievable he would do this to his own family it is like jade says karma its a btch lol
Please enter your comment.
Your comment is added.
chillymellow
10 years ago
Well how awful it is to be the victim of such a disgusting man. Not only did he ruin his own life and liberty, he made others suffer as well. No word here on how he did with the gambling. I wonder, did he have a sufficient amount of pleasure gambling to justify the price he is having to pay? So his family has suffered even...
Well how awful it is to be the victim of such a disgusting man. Not only did he ruin his own life and liberty, he made others suffer as well. No word here on how he did with the gambling. I wonder, did he have a sufficient amount of pleasure gambling to justify the price he is having to pay? So his family has suffered even though they tried to get him some help. Well, you can't help people who are taking your money. They'll just want more of it. And as for rehab, obviously that didn't work for this fellow. Interesting that it was all "online" gambling as well. I guess it's easier perhaps to keep that a secret from your family and other inquiring interested parties. I think his sentence should have been much stiffer. The article makes no mention of restitution or fines or any probation after the imprisonment. Lets hope that this is it for this gambler. I think he should have to repay every penny that he took and gambled away online.
Show morePlease enter your comment.
Your comment is added.