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article imageShopaholic jailed for whopper fraud

By Anne Sewell     Feb 10, 2012 in Lifestyle
Sydney - She shopped for the best at Chanel, Hugo Boss and Armani, and spent more than 16 million Australian dollars on jewellery, and became the owner of eight luxury apartments.
But Rajina Rita Subramaniam, 42, is not a rich person.
This Sydney accountant stole 45 million Australian dollars (about 48 million US) from her employer, Dutch financial services firm ING Group, and has now pleaded guilty to the biggest-ever individual fraud in Australian history.
Of the apartments, seven are empty, and one is occupied rent-free. She gave 1.3 million Australian dollars to one shop assistant and 240 000 Australian dollars to another.
When police went to her workplace, they found 21 boxes stored under her desk and nearby.
During her trial the judge said:
"When these boxes were searched, police found large quantities of jewellery, fountain pens, champagne, crystal and Michael Jackson memorabilia. Much of the jewellery was still in boxes that had not been opened."
The judge further said that the way she stole the money and used the proceeds "points to someone who got gratification from being able to be thought of as wealthy and generous".
The verdict was that she will get a minimum of seven years jail-time for her spending spree.
According to her husband, he had no knowledge of the crime and they lived in a simple home in an outer Sydney suburb.
More about Australia, Sydney, Fraud, shopaholic, Jewellery
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