EX – BANK BOSS JAILED AFTER £400K THEFT !

English: The Castlewellan branch of the Ulster...

A FORMER bank manager has been jailed for six months for stealing more than £400,000 from the bank and its customers in an attempt to prop up her family’s failing farm.

Grace Harshaw outside Newry Court

Grace Harshaw (51), from Annaghbane Road, Loughbrickland, was the Manager of the Ulster Bank in Tandragee, Co Armagh. Between February 2008 and October 2009 she stole £434,500, taking money from the Banks vault, from customers’ accounts and through fictitious personal loans.

All but £57,000 has now been repaid. During her trail last month, Newry Crown Court heard although she stole more than £400,000, the actual loss to the parent Royal Bank of Scotland was an estimated £287,ooo. Greg Berry QC, defending, said that Harshaw had worked for the bank for more than 30 years with an unblemished record. However, through a combination of growing family difficulties and financial problems with the family farm, matters came to a head to such a point that one week there was no money to pay for feed for the farm livestock.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s