Displaying items by tag: £5 million missing

On 8 July Martin Sargeant was charged by the Metropolitan Police with fraud by false representation and money laundering in the diocese of London. The sum involved is in the region of £5 million. Mr Sargeant left his post in 2019 after a review by the incoming Bishop of London, the Rt Revd Sarah Mullally. A diocesan statement says that, at the time, there was no suspicion or evidence of criminality. But, last year, the London Diocesan Fund contacted the police and the Charity Commission after a parish raised concerns about funds they had not received. Bishop Sarah thanked the police and the diocesan financial team for their work over the past year, as they continue to investigate the extent of this complex fraud which took place over a decade ago.