05/03/2009

'Lord' Guilty Of £229m Bank Theft Attempt

A self-styled Lord, who plotted to steal £229 million from a Japanese bank, has been imprisoned today for his part in a bid to pull off the world's biggest theft.

"Lord" Hugh Rodley - who bought the title - teamed up with a gang of raiders who targeted the multi-million pound fortune.

The 61-year-old from Tewkesbury was convicted of conspiracy charges dating back to 2004.

The gang targeted the City offices of the Sumitomo Mitsui Banking Corporation.

Snaresbrook Crown Court heard the "bold and sophisticated" plot - which if successful, would have been the largest bank robbery carried out in the UK - was only foiled in the 11th hour by the complexities of the inter-bank money transfers.

Soho sex shop owner David Nash, 47, from Durrington, West Sussex, was also convicted.

The London court heard that while Rodley used a Soho sex shop boss to help front "recipient" bank accounts for the hoped-for windfall, an insider at Sumitomo Mitsui Banking Corporation unlocked its London offices so fellow conspirators could make "surreptitious" night-time visits.

Once there, they used a special software to corrupt the bank's computer system, then record the keystrokes of staff and find out their user names and passwords.

Rodley, from Tewkesbury, Gloucestershire, and Nash, from Durrington, West Sussex, both denied conspiracy to defraud and conspiracy to transfer criminal property between 1 January and 5 October 2004.

Swedish national Inger Malmros, 58, who lives in Gran Canaria was cleared of both counts.

She told the court she knew nothing of two instructions - purportedly from her company - concerning the planned transfer of some of the Japanese bank's cash.

Rodley was found guilty of both counts, while Nash was cleared of conspiracy to defraud, but convicted of the second charge.

(JM/BMcC)

Related UK National News Stories
Click here for the latest headlines.

05 May 2011
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
07 November 2013
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England's Monetary Policy Committee has voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375bn.
09 March 2007
UK crime boss handed seven year sentence
UK crime boss Terry Adams, 52, who had admitted conspiracy to conceal hundreds of thousands of pounds from illegal dealings, has been sentenced to seven years in jail.
02 December 2009
PM's Question's Centre On Recession
Gordon Brown defended his predictions on the length and depth of the UK recession during a heated Prime Minister's Questions today. Opposition leader David Cameron said the government's forecasts were wrong, suggesting the UK was the only leading world economy still in contraction.
30 November 2009
Wigan Suspects Devices Made Safe
Police in Wigan have launched an investigation after three suspect packages were found in the Atherton area over the weekend. In each incident bomb disposal experts made the devices safe. A number of road closures were implemented and some homes evacuated as a precaution. Shortly before 9.