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

Social Worker - SGO & Connected Person Assessment Team

Essex County Council
Negotiable
Special Guardianship Order (SGO) & Connected Person Assessment Team The SGO and Connected Person's Assessment Team (North & Mid) first started in Apri England, Essex, Chelmsford
Recuriter: Essex County Council

Economy & Business Service Manager 

Harborough District Council
£49,350 to £52,368
Looking for an experienced manager who understands public sector responsibilities with the proven ability to deliver our ambitions. Market Harborough, Leicestershire
Recuriter: Harborough District Council

Head of Income and Financial Inclusion

The Royal Borough of Kensington & Chelsea Council
£48,800 - £66,000 per annum
You’ll have excellent interpersonal and communication skills, with a substantial track record of successful performance management. Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Advanced Practitioner

The Royal Borough of Kensington & Chelsea Council
£33.600 - £45,400 per annum
Looking for an Advanced practitioner Social workers to join the Adult social services in the... Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Adult Principle Social Worker

The Royal Borough of Kensington & Chelsea Council
£36,600 - £49,600 per annum
The successful candidate will be a passionate and skilled communicator with ability to work alongside operational Social Workers and... Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how public sector organisations can unlock the hidden value in their land, and why a new approach to construction could help boost the outcomes of the Government’s One Public Estate programme.

The December issue also considers why learnings from ancient cities could provide the key to promoting wellbeing in the modern built environment. It also contains a case study on how the London Borough of Westminster has provided high quality care for the elderly alongside a block of luxury apartments.

Register for your free digital issue