Published: 09:28, 21 January 2020
| Updated: 11:42, 21 January 2020
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.
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.
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.
More by this authorKatie Heslop