£100k fraudster who destroyed firm is jailed for four years

A FRAUDSTER who stole nearly £100,000 from her employer – sending the company to the wall – has been jailed for four years. Greedy Nida Khan worked for Nanobits Ltd, which sold goods online from 2018 and 2020.

But in 2019, company owner

Tej Jain and his son Tarun Jain, from Walsall, stepped away from the business for health reasons, leaving Khan in charge. And between November 2019 and February 2020, Khan, 29, withdrew more than £88,000 from Nanobits to bank accounts in her name.

She also used the company account to buy watches, phones and make-up totalling more than £5,000.

It was worked out that Khan, of Coppice Avenue, Wollescote, Dudley, had defrauded her employer out of almost £100,000. The company was forced to refund £15,000-worth of orders to customers for not being able to fulfil orders, bringing the total loss to Nanobits to over £100,000, West Midlands Police said. The business was forced to close down.

Khan pleaded guilty and was sentenced to four years in prison at Wolverhampton Crown Court . PC Rob Parson, from Dudley Local CID, said: “This is the result of an investigation which took the initial investigating officer Det Con Chris Potts and then myself a lot of work, to chase, and ultimately disprove her lies, as Khan continually lied in her accounts given right up until she finally pleaded guilty on the day of the trial.

“She showed no remorse for her actions and only sought to attempt to put blame on others for her wrongdoing. The severity of the punishment will hopefully show that crime really does not pay.

“West Midlands Police will also be looking to pursue an order with a view to retrieving the funds gained dishonestly by Khan. Hopefully Mr Jain and his family will feel that some justice has been served.”