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Finance administrator from Sevenoaks stole £58,000 from Tunbridge Wells company, Stonetools Ltd

A former financial administrator has admitted committing fraud, after stealing more than £58,000 from the Tunbridge Wells tools company he worked for.

Alexander Drummond, 61, of Oak Lane, Sevenoaks, admitted fraud by abuse of position at Maidstone Magistrates' Court yesterday.

Alexander Drummond stole £58,000 from Stonetools Limited, between February and Ocotober 2018
Alexander Drummond stole £58,000 from Stonetools Limited, between February and Ocotober 2018

Between February 1 and October 4 2018, Drummond transferred £58,018.11 belonging to Stonetools Limited , in Kingstanding Way, into his own account.

It was only when Drummond left the business on October 3, 2018, that his activities were discovered.

Drummond, who had access to the company bank account because of his financial role, had made 80 transactions overall, when moving the money.

He had labelled the payments as refunds from suppliers or HMRC, Nesisa Ndhlovu, prosecuting, said.

When interviewed by the police, Drummond "made full and franks admissions," she added.

Alexander Drummond appeared at Maidstone Magistrates' Court on January 20
Alexander Drummond appeared at Maidstone Magistrates' Court on January 20

Simon Holmes, defending, said Drummond had no previous convictions and had been obeying his bail conditions.

Chairman of the bench, Martin Alderman, granted Drummond bail, with the condition that he attend Sevenoaks Police Station once a week.

Drummond will be sentenced at at Maidstone Magistrates' Court at a later date.

To read more of our in depth coverage of all of the major trials coming out of crown and magistrates' courts across the county, click here.

Read more: All the latest news from Sevenoaks

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