Banker’s £62k bill for £16m con

A ROGUE banker who helped hackers launder more than £16million has been ordered to pay back just £62,000.

Nilesh Sheth, 54, faked documents to set up 400 ‘mule’ accounts for cyber bandits while he worked as a personal banking manager with Barclays.

He used his office to meet with Romanian fraudster Iurie Mereacre, 38, and associates Ryingota Gincota, 29, Lurie Bivol, 37, and 32-year-old Serghei Bivol. They were all jailed last November.

Sheth, of Buckhurst Hill, Essex, was given four years at the Old Bailey after admitting money laundering charges.

Now, under the Proceeds of Crime Act, he has been ordered him to pay £62,000 in three months or serve an extra year.

Mike Hulett, from the National Cyber Crime Unit, said: “He abused his position.”