Mayobridge man stands charged with stealing over £1 million from employer
Defendant faces two counts of theft by employee as well as 15 counts of fraud by abuse of position
THE preliminary enquiry hearing into the case of a Mayobridge man who stands charged with stealing over £1 million pounds from his employer has taken place at Newry Magistrates court. Standing in the dock of the court was John Derek McLoughlin (59) of Ballyvally Road Mayobridge.
McLoughlin faces two counts of theft by employee as well as 15 counts of fraud by abuse of position.
More specifically it is alleged that between August 4 2016 and of June 18 2021 Mcloughlin stole £1,025,925 belonging to his employer BK Forklifts Ltd, as well as that on numerous occasions on dates ranging from August 4 2016 to June 8 2021 whilst occupying a position in which he was expected to safeguard, or not to act against, the financial interests of his employer BK Forklifts Ltd dishonestly abused that position in that he wrote numerous cheques with himself as the payee as well as on dates between January 12 2021 to March 31 2021 made 5 transfers totalling from an account belonging to B Larkin & K McCormack with the intention, to make a gain for himself or another or to cause loss to BK Forklifts Ltd.
During his appearance in the dock McLoughlin spoke to confirm his date of birth whilst having the multitude of charges that he faces read to him. Prosecution submitted that on the basis of the papers before the court their was a Prima facie case to answer with Deputy District Judge Archer saying that he was satisfied this was so.
Mcloughlin said nothing in relation to the charges levelled against him with the Mayobridge man being released on bail to appear before the court on this date subject to him not interfering or contacting any witnesses in the case.