According to a media story, a former investment banker who was jailed for Britain’s largest attempted cash fraud has been released and is been employed in a cryptocurrency firm under a new name.
According to a media report, Jagmeet Channa, who was convicted of mishandling accounts while working at HSBC’s Canary Wharf headquarters, now works for a cryptocurrency firm.
He deals with clients and potential investors, and the firm’s website makes no mention of his role in what the judge described as a “sophisticated criminal enterprise” in 2008.
Channa, who hails from Ilford in east London, is said to have returned to Liquidcash’s ICO Operations team, which promises a “payment system designed to integrate crypto payments into the real world.”
His web profile claims his responsibilities include “project management of all important stakeholders” and being the first point of contact for possible investors, according to a report by Mail Online.
His online LinkedIn page indicates that he was working as a business analyst for a firm named SK Berkeley during the time he was in jail, according to the report.
Channa told Mail Online that his employers were aware of his past and that his job was developing software rather than dealing with money.
He also told the news source that his LinkedIn CV was not done “deliberately” and that he will correct it as soon as possible.
Channa also claimed that he changed his name to “Jag Singh” to make it more “dynamic,” and that he never boasted about his criminal record while hiring employees.
In April 2008, it was reported that a 25-year-old bank staffer wired £71,632,807 to a Barclays branch in Manchester and a French bank account in Morocco using the passwords of coworkers. However, the debt was quickly found, prompting an investigation.