William Eichler 28 January 2019

Council worker jailed for £1m pension fund theft

Council worker jailed for £1m pension fund theft image

A man who defrauded the pension fund of Westminster City Council of over £1m has been jailed for seven years.

Ian Robert Woodall, 47, of Mickleham, Surrey, was found guilty of fraud and money laundering last October following a ten-day trial at Southwark Crown Court.

Mr Woodall was employed as a contractor through his own firm Lonkal Consulting Limited, but through various contracts he held the appointment of Interim Chief Investment Officer (ICIO) for Westminster CC.

In 2010, he ceased working for the council when they decided to directly employ a permanent pension fund manager.

Three years later, an accountancy firm which had audit responsibilities for Westminster CC found that approximately £1m had been unlawfully removed from the fund between January 2009 and December 2012.

A subsequent investigation by the Metropolitan Police revealed that Mr Woodall had diverted the pension funds through Swiss bank accounts and then back into the UK, where the £1m was then distributed to his personal and company bank accounts.

He was sentenced to seven years in jail last Friday.

‘Woodall betrayed his colleagues and employers by stealing their money to fund his own lifestyle and we are pleased he is now being made to pay for his criminal actions,’ said detective sergeant Andrew Bailey of the Met’s Fraud Squad.

‘Work remains ongoing to recover the stolen money and we hope this sentence shows we are determined to find and punish those engaged in fraudulent activities.’

SIGN UP
For your free daily news bulletin
Highways jobs

Electoral Services Officer

Denbighshire County Council
£29,577- £32,234
Denbighshire County Council has an exciting vacancy for the post of Electoral Services Officer Denbighshire (Sir Ddinbych)
Recuriter: Denbighshire County Council

Residential Assistant

Essex County Council
£18029 - £20604 per annum
About the Role Please note, this is a part time role working 22.5 hours per week.The salary would be on a pro rata basis, so £10,963 - £12,529 per an England, Essex, Chelmsford
Recuriter: Essex County Council

Customer Specialist

Essex County Council
Up to £22915 per annum
This is a part time role for 20 hours a week for a fixed term period of 12 months. The Role Essex County Council (ECC) is one of the largest and most England, Essex, Chelmsford
Recuriter: Essex County Council

Head of Commissioning and Partnerships

Government of Jersey
£76,299 - £86,279 per annum
Jersey is on an exciting journey towards implementing a new model of care Jersey (GB) (JE)
Recuriter: Government of Jersey

Employer Officer

Essex County Council
Up to £28846 per annum
Employer OfficerFixed Term, Full TimeUp to £28,846 per annumLocation
Recuriter: Essex County Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue