12 Aug 2022

Derry woman admits stealing £155,000 from local engineering firm where she worked as a book keeper

The Crown Court in Derry was told today that the proprietor of a local engineering company whose former book keeper stole £155,000 from the company, is the father-in-law of the woman who committed the crime. Before the court was Siobhan Downey, 41, from Glenabbey Drive. She pleaded guilty to two charges of fraud by abuse of her position. She admitted that between December 15, 2013 and March 31,2014, when occupying a position of trust with Kevmar Precision Engineering Limited, she acted against the wishes of the company by writing unauthorised cheques to herself and to others. The defendant also admitted that between March 31, 2015 and October 31, 2015, she abused her position of trust within the company by making unauthorised financial transfers to herself and to others. Defence barrister Eilis McDermott Q.C. also told Judge Philip Babington that the company's proprietor "is sympathetic towards her and he expresses his view as to the disposal of the case". Ms. McDermott told Judge Babington that none of the money had been re-paid and that inquiries of a financial nature were still continuing. The defendant was released on continuing bail until she's sentenced for the offences on September 13.

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